Key data points
Last release
—
Next release
—
Time to release
—
Forecast
—
Observation period
Dec 2023
Highest
5.50%Dec 31, 2003
Lowest
5.50%Dec 31, 2003
About Brunei Interest Rate
In Brunei, the Brunei Darussalam Central Bank does not set a benchmark interest rate. Instead, the minimum rate, fixed by the Brunei Association of Banks, charged by commercial banks on loans to preferred customers in national currency is used.
Related indicators
Frequently Asked Questions
Brunei Interest Rate is 5.5% at the moment.
Last month Brunei Interest Rate was 5.5%, and the month before that it amounted to 5.5%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.