The benchmark interest rate in Papua New Guinea was last recorded at 3 percent.

Interest Rate in Papua New Guinea averaged 7.70 percent from 2001 until 2020, reaching an all time high of 16 percent in June of 2003 and a record low of 3 percent in April of 2020. This page provides - Papua New Guinea Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Interest Rate - values, historical data and charts - was last updated on October of 2020.

Interest Rate in Papua New Guinea is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Papua New Guinea to stand at 3.50 in 12 months time. In the long-term, the Papua New Guinea Interest Rate is projected to trend around 4.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.

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Papua New Guinea Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 16.00 3.00 2001 - 2020 percent Daily

Papua New Guinea Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 16.00 3.00 percent [+]
Deposit Interest Rate 0.88 0.68 11.49 0.33 percent [+]
Loan Growth 4.00 6.10 17.70 -5.10 percent [+]
Foreign Exchange Reserves 2338.10 2210.10 3064.00 1609.20 USD Million [+]

Papua New Guinea Interest Rate
In Papua New Guinea, the benchmark interest rate is set by the Bank of Papua New Guinea. The official interest rate is the Kina Facility Rate.