Definition: Reference rate of interest

Category: SNA 1993

The reference rate of interest (to be used in allocating FISIM) is the pure cost of borrowing funds (i.e. a rate from which the risk premium has been eliminated to the greatest extent possible and which does not include any intermediation services). http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA_1993_EN.pdf
Source:
United Nations, "System of National Accounts (SNA) 1993", § 6.128, United Nations, New York, 1993
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