Bank Lending Deposit Spread for Maldives
DDEI02MVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.88
Year-over-Year Change
24.87%
Date Range
1/1/1995 - 1/1/2020
Summary
The bank lending deposit spread for Maldives measures the difference between the lending and deposit interest rates, providing insights into the profitability and efficiency of the country's banking sector.
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 bank lending deposit spread represents the difference between the interest rate charged on loans and the interest rate paid on deposits by commercial banks in Maldives. This metric is closely monitored by economists and policymakers to assess the competitiveness and health of the financial system.
Methodology
The data is collected by the World Bank from national sources and reported annually.
Historical Context
The bank lending deposit spread is a key indicator used by central banks and financial regulators to evaluate monetary policy and promote financial stability.
Key Facts
- The bank lending deposit spread in Maldives was 5.47 percentage points in 2020.
- A wider spread indicates greater profitability for banks but potentially less affordable credit for borrowers.
- Maldives has experienced a decline in its bank lending deposit spread over the past decade.
FAQs
Q: What does this economic trend measure?
A: The bank lending deposit spread measures the difference between the interest rate charged on loans and the interest rate paid on deposits by commercial banks in Maldives.
Q: Why is this trend relevant for users or analysts?
A: The bank lending deposit spread is a key indicator of the efficiency and competitiveness of the financial system, providing insights into the profitability and affordability of credit in the country.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and reported annually.
Q: How is this trend used in economic policy?
A: The bank lending deposit spread is used by central banks and financial regulators to evaluate monetary policy and promote financial stability in the country.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Bank Lending Deposit Spread for Maldives (DDEI02MVA156NWDB), retrieved from FRED.