Interest rate on bank loans reached 8.70% in third quarter of 2015 in Papua New Guinea, according to the National Central Bank. This is 1.88% less than in the previous quarter.
Historically, interest rate on bank loans in Papua New Guinea reached an all time high of 20.7% in 3Q1998 and an all time low of 8.70% in 3Q2015.
Papua New Guinea has been ranked 56th within the group of 100 countries we follow in terms of interest rate on bank loans.
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