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Interest Spread (Difference Between Interest Rate on Loans and Deposits) in Papua New Guinea

Source: National Central Bank
Last Updated: May 1, 2021

Interest spread, which is the difference between interest rate on loans and deposits reached 7.77 % in 2019 in Papua New Guinea, according to the National Central Bank. This is 7.43 % less than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Papua New Guinea reached an all time high of 11.5 % in 2004 and an all time low of 4.25 % in 1982. When compared to Papua New Guinea's main peers, interest spread, which is the difference between interest rate on loans and deposits in Australia amounted to 3.54 %, 3.68 % in Indonesia and 3.01 % in Philippines in 2019.

Papua New Guinea has been ranked 26th within the group of 87 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 18 places above the position seen 10 years ago.

Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial banks for demand, time, or savings deposits.

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