Interest Rates

Interest rates of domestic money banks, 1997-2006, percent 1

 2000200120022003200420052006
Deposit rates              
Savings accounts2 2.5 2.7 2.1 1.5 1.1 1.2 1.7
Time deposits3              
Three months 4.3 3.5 2.6 1.8 1.3 2.2 2.5
Six months 4.8 3.8 2.9 2 1.6 2.9 3.2
One year or more 6.8 4.4 3.5 2.6 2.1 3.5 4
Loan rates4              
Consumer loans 18.3 19.2 18.4 17.7 17.4 18.5 18.5
Commercial loans 13.3 11.8 10.8 9.8 9.7 11 11

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marshall-islands-flagEconomic Policy Planning and Statistics Office (EPPSO), PO Box 7, Majuro, Marshall Islands 96960

Phone: (692) 625-3802/3803 - Fax: (692) 625-3805