Fernando de Querol Cumbrera
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With average lending interest rates of less than three percent in 2023, Switzerland was the country with the lowest cost of borrowing money among the ones selected here. The average lending interest rate in China was 4.35 percent, and in South Korea it was roughly 5.2 percent. The average interest rate in the United States was 3.25 in 2021, the latest available data, but the prime rate charged by banks in that country has increased since then.
