Definition
Fixed interest rate is the type of interest rate that remains unchanged throughout the entire duration of the financial operation.
Further information
For example, a mortgage loan is made at a fixed interest rate when it remains the same from its inception until its termination.
Related concepts
- Annual Percentage Rate of Charge (APRC)
- Interest rates of Monetary Financial Institutions
- Reference interest rate
- Nominal interest rate
- Variable interest rate
- Interest rate
Links to data tables
Update date: January 2025
