Interest Rate are the rates at which the borrowers gets the money from lenders.
Interest rates are effected because of inflation, as due to increase or decrease in inflation the lenders changes the interest rates at which they would lend their money to maintain the purchasing power of their money.
These interest rates are changed by Central Banks of Countries.
Below is the List of 12 Countries where current Interest Rate are less than 1% (One Percent)
Countries with Current Negative Interest Rates are Switzerland & Sweden.
Countries with Zero Interest Rates are Europe & Japan.
12 Countries With Interest Rate Less Than 1%
|Country||Current Rate||Last Change|
|Czech Republic||0.050 %||11/1/2012|
|Great Britain||0.250 %||8/4/2016|
|United States||0.500 %||12/16/2015|
This is list was last updated on Oct 26th, 2016.
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