Cost of moneyRussia
Lending rate in Russia
What do banks charge for credit there?
Russia's lending rate is 17.09 % — #55 of 67 countries on the atlas (lower is better). Period 2024.
Among 67 countries
- Rank
- #55 of 67
- lower is better
- Ranked behind
- 18 %
- 12 of 67 countries
In Europe: #12 of 13vs median 8.79 %: +8.30 pp (worse)
The neighbourhood
| # | Country | Lending rate | vs Russia |
|---|---|---|---|
| 53 | Rwanda | 16.02 % | −1.07 pp |
| 54 | Kenya | 16.59 % | −0.50 pp |
| 55 | Russia | 17.09 % | — |
| 56 | Mozambique | 17.53 % | +0.44 pp |
| 57 | Nigeria | 18.45 % | +1.36 pp |
Bank lending rate, IMF-harmonised — the price of credit, ~150 economies.
How to read this figure
The IMF-harmonised bank lending rate — what banks charge their customers for credit, averaged nationally. Harmonisation is what makes ~150 economies comparable; the trade-off is that the underlying loan mix (business vs consumer, maturities) differs by country, so treat close values as similar, not identical.
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