Today interest rates on dinar government securities are by around 7 percentage points lower (depending on maturity) than in May 2013 when we embarked on monetary policy easing. The dinar yield curve was extended to 10 years, with the interest rate of 4.80%, while in October 2014, when the ten-year dinar security was issued for the first time, it measured 13%.
Today, this maturity Chart 7 Significantly reduced interest rates on dinar government bonds (annual level, in %)  Chart 8 Interest rates on dinar loans are at a minimum (annual level, in %)  14 12  12M 5Y 3M  2Y* 7Y 10Y  3Y 6M  10 8 6 4 2 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 9 11 1 3 5 7 2013 2014 2015 2016 2017 2018 Source: Ministry of Finance.