The public interest rate is the rate of interest banks charge on their lowest risk loans.

Name: The public interest rate is the rate of interest banks charge on their lowest risk loans.
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There is no such thing as a "public interest rate". Different banks have different rates based on their lending policies, and the rates may vary for different types of loans. However, the central bank of a country may set a benchmark interest rate that affects the interest rates offered by banks in that country.

The Public Interest Rate Is the Rate of Interest Banks