Lending Rate in Maldives remained unchanged at 10 percent in November from 10 percent in October of 2022. source: Maldives Monetary Authority

Lending Rate in Maldives averaged 10.89 percent from 2001 until 2022, reaching an all time high of 20.00 percent in December of 2002 and a record low of 10.00 percent in December of 2014. This page includes a chart with historical data for Maldives Overnight Lombard Facility Rate. Maldives Overnight Lombard Facility Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

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Maldives Overnight Lombard Facility Rate

Maldives Overnight Lombard Facility Rate
The Maldives Monetary Authority introduced Overnight Lombard Facility to commercial banks on 9th May 2010, allowing for banks to borrow from the MMA on an overnight basis mainly to avoid disruptions in the payments system and to meet the MRR level. This facility carries the highest rate in the system, above the overnight lending rates among the commercial banks. The OLF rate is 10% per annum, effective 1st September 2014.
Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 20.00 10.00 2001 - 2022 percent Monthly