2023-10-25 14:32:43
After Zimbabwe announced in the last few hours that it lowered the interest rate from 150 to 130 percent, Argentina became the country that pays the most for a fixed term.
According to publication ClarionZimbabwe made the decision to lower the rate to boost economic growth in a country where year-on-year inflation hit 340 percent in September.
With this measure, he left Argentina in the lead, which on October 12 raised rates from 118 to 133 percent.
Interest rate: how the ranking continues
In the ranking of countries with the highest interest rate, behind Argentina and Zimbabwe is Venezuela, but with 55% interest, less than half of Argentina.
They are followed by Ghana, which drops to 30%, Turkey, Pakistan, Lebanon, Ukraine, Egypt, Nigeria, Mozambique, Angola, Kazakhstan, Uzbekistan and Colombia, which has a rate of around 13%.
Countries with the lowest interest rate
Japan not only has the lowest rate but it is negative, at 0.10%.
They are followed by Fiji (0.25%), Switzerland (1.75%), Taiwan, Belize, Croatia, Thailand and Albania.
The euro zone has a rate of 4.5% and the United States, 5.25%.
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