In October, the average interest rate on foreign currency loans fell to a 4-year low
Currently, the rate stands at 5.98%. The last time such a low level was observed was in December 2021, when the rate was 5.23%.
This event marks only the second instance since the start of banking loan statistics in 1996 when the interest rate on foreign currency loans fell below the 6.00% mark.
In total, approximately $98 million was issued in the form of foreign currency loans in October.
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