New loans become more expensive in North Macedonia

Taking out new loans in North Macedonia is becoming more expensive, as interest rates have risen for both businesses and citizens. The sharpest increase was recorded in loans to companies, where the average interest rate exceeded 5 percent in September. Meanwhile, new deposits were offered at lower interest rates. Data from the National Bank show that the average rate on new loans rose to 4.94 percent in September, up 0.24 percentage points from August. The rate reached 5.05 percent for companies, while it stood at 4.77 percent for households.