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Papua New Guinea Interest Rate

Papua New Guinea's interest rate rose to 5% in September 2025 from 4% in August 2025. The Bank of Papua New Guinea increased the Kina Facility Rate due to ongoing inflation and kina depreciation. The central bank stated that the kina's depreciation lessened its overvaluation, contributing to price increases. This rate hike aims to strengthen the exchange rate's function as a monetary policy anchor and ensure price stability. Papua New Guinea's record low interest rate was 2% in February 2024 and record high was 6.25% in September 2015.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Sep 30, 2025 5%
Aug 31, 2025 4%
Jul 31, 2025 4%
Jun 30, 2025 4%
May 31, 2025 4%
Apr 30, 2025 4%
Mar 31, 2025 4%
Feb 28, 2025 4%
Jan 31, 2025 4%
Dec 31, 2024 4%
Nov 30, 2024 4%
Oct 31, 2024 4%
Sep 30, 2024 4%
Aug 31, 2024 3%
Jul 31, 2024 2.5%
Jun 30, 2024 2.5%
May 31, 2024 2.5%
Apr 30, 2024 2%
Mar 31, 2024 2%
Feb 29, 2024 2%
Jan 31, 2024 2.5%
Dec 31, 2023 2.5%
Nov 30, 2023 2.5%
Oct 31, 2023 3%
Sep 30, 2023 3%
Aug 31, 2023 3.5%
Jul 31, 2023 3.5%
Jun 30, 2023 3.5%
May 31, 2023 3.5%
Apr 30, 2023 3.5%
Mar 31, 2023 3.5%
Feb 28, 2023 3.5%
Jan 31, 2023 3.5%
Dec 31, 2022 3.25%
Nov 30, 2022 3.25%
Oct 31, 2022 3.25%
Sep 30, 2022 3.25%
Aug 31, 2022 3.25%
Jul 31, 2022 3.25%
Jun 30, 2022 3%
May 31, 2022 3%
Apr 30, 2022 3%
Mar 31, 2022 3%
Feb 28, 2022 3%
Jan 31, 2022 3%
Dec 31, 2021 3%
Nov 30, 2021 3%
Oct 31, 2021 3%
Sep 30, 2021 3%
Aug 31, 2021 3%
Jul 31, 2021 3%
Jun 30, 2021 3%
May 31, 2021 3%
Apr 30, 2021 3%
Mar 31, 2021 3%
Feb 28, 2021 3%
Jan 31, 2021 3%
Dec 31, 2020 3%
Nov 30, 2020 3%
Oct 31, 2020 3%
Sep 30, 2020 3%
Aug 31, 2020 3%
Jul 31, 2020 3%
Jun 30, 2020 3%
May 31, 2020 3%
Apr 30, 2020 3%
Mar 31, 2020 5%
Feb 29, 2020 5%
Jan 31, 2020 5%
Dec 31, 2019 5%
Nov 30, 2019 5.5%
Oct 31, 2019 5.5%
Sep 30, 2019 5.5%
Aug 31, 2019 5.5%
Jul 31, 2019 6%
Jun 30, 2019 6.25%
May 31, 2019 6.25%
Apr 30, 2019 6.25%
Mar 31, 2019 6.25%
Feb 28, 2019 6.25%
Jan 31, 2019 6.25%
Dec 31, 2018 6.25%
Nov 30, 2018 6.25%
Oct 31, 2018 6.25%
Sep 30, 2018 6.25%
Aug 31, 2018 6.25%
Jul 31, 2018 6.25%
Jun 30, 2018 6.25%
May 31, 2018 6.25%
Apr 30, 2018 6.25%
Mar 31, 2018 6.25%
Feb 28, 2018 6.25%
Jan 31, 2018 6.25%
Dec 31, 2017 6.25%
Nov 30, 2017 6.25%
Oct 31, 2017 6.25%
Sep 30, 2017 6.25%
Aug 31, 2017 6.25%
Jul 31, 2017 6.25%
Jun 30, 2017 6.25%
May 31, 2017 6.25%
Apr 30, 2017 6.25%
Mar 31, 2017 6.25%
Feb 28, 2017 6.25%
Jan 31, 2017 6.25%
Dec 31, 2016 6.25%
Nov 30, 2016 6.25%
Oct 31, 2016 6.25%
Sep 30, 2016 6.25%
Aug 31, 2016 6.25%
Jul 31, 2016 6.25%
Jun 30, 2016 6.25%
May 31, 2016 6.25%
Apr 30, 2016 6.25%
Mar 31, 2016 6.25%
Feb 29, 2016 6.25%
Jan 31, 2016 6.25%
Dec 31, 2015 6.25%
Nov 30, 2015 6.25%
Oct 31, 2015 6.25%
Sep 30, 2015 6.25%
Papua New Guinea Interest Rate : Definition
The Interest Rate set by the Bank of Papua New Guinea is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Private Credit (% GDP) 16.51% 15.04% 2023