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VARIABLE RATE

Statistics Directorate    
Definition:
A variable rate is an interest rate that may fluctuate over the life of the loan, unlike a fixed rate. A change in the variable rate will affect either the size of the re-payment or the length of the loan.

Source Publication:
The OECD Economic Outlook: Sources and Methods.

Hyperlink:
http://www.oecd.org/eco/outlook/sources-and-methods.htm

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Friday, March 28, 2014