Interest Spread (to USD 3-Month Interbank Interest Rate)

Source: National Central Bank, OECD forecast for 2020-2022 (Dec 2020)

Based on a comparison of 44 countries in 2022, Turkey ranked the highest in local interest spread to USD 3-month interbank interest rate with 12.3% followed by Indonesia and China. On the other end of the scale was Switzerland with -0.935%, Italy with -0.700% and Latvia with -0.700%.

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