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INTEREST RATE

Statistics Directorate    
Definition:
An interest rate is the cost or price of borrowing, or the gain from lending, normally expressed as an annual percentage amount.

Source Publication:
The Handbook of International Financial Terms, P. Moles, N. Terry, Oxford University Press, 1997.

Cross References:
Interest

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Sunday, December 02, 2001