The common rate of interest charged by banks on the revolving bank card in 2022 rose 13.9 proportion factors from November to December, knowledgeable on Friday, Jan. 27, the Central Bank.
The fee rose from 395.4% to 409.3% per yr.
At the tip of 2021, the curiosity was 347.4% – a rise of 61.9 proportion factors in a single yr.
The revolving bank card is granted when the full invoice fee isn’t made by the due date.
In the case of the installment fee, nonetheless throughout the bank card, the curiosity went from 180% to 182.4 . . .
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