# **The lending interest rate (%)**
- **The lending interest rate (%)** is an **important economic indicator** that measures the **cost of borrowing money**.
- It represents the **percentage** that **banks and financial institutions** charge customers on the **total loan amount** to obtain loans.
- The chart shows the **lending interest rates in Jordan** over a **23-year period from 2000 to 2022**.
- During this time, **Jordan** has experienced **fluctuations** in its lending rates.
- The lending interest rate in **Jordan** peaked at **11.80%** in **2000**, and has since decreased to **7.37%** by.