Specifics of Microdata-Based Statistics of Interest Rates on Lending to Non-Financial Sector

Abstract

The article is devoted to the analysis of multidimensional empirical data on distribution of interest rates on loans and highlighting of the homogeneous groups and atypical behavior of weighted average interest rates as a result of unique conditions of loan contracts. Based on comprehensive data on loans, the following homogenous groups of interest rates were determined: by loan type, maturity, business size, loan quality and insurance. The study of interest rates identified clusters of excessively high or low values that, in the authors' view, should be eliminated from the calculation of interest rates on loans for macroeconomic analysis.