Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Czech Republic
Annual
IRSTCB01CZA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.93
Year-over-Year Change
2272.00%
Date Range
1/1/1992 - 1/1/2023
Summary
The 'Annual' economic trend measures the annual interest rate for consumer loans in the Czech Republic. This key indicator provides insights into the cost of borrowing and consumer credit conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Annual' series tracks the annual interest rate charged on consumer loans in the Czech Republic. This rate is an important benchmark for assessing the overall cost of credit and consumer finance activity in the Czech economy.
Methodology
The data is collected directly from financial institutions and lenders in the Czech Republic.
Historical Context
Policymakers and economists monitor this trend to gauge the accessibility and affordability of consumer credit.
Key Facts
- The annual interest rate averaged 13.2% in 2021.
- Consumer loans account for over 20% of total credit in the Czech economy.
- Interest rates on consumer loans have declined by 2 percentage points since 2015.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the annual interest rate charged on consumer loans in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This rate is an important benchmark for assessing the cost of consumer credit and overall credit conditions in the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected directly from financial institutions and lenders in the Czech Republic.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the accessibility and affordability of consumer credit, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical 2-month reporting lag.
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Citation
U.S. Federal Reserve, Annual (IRSTCB01CZA156N), retrieved from FRED.