Bank Lending Rate in Australia remained unchanged at 6.51 percent in October from 6.51 percent in September of 2020. source: Reserve Bank of Australia

Bank Lending Rate in Australia averaged 10.94 percent from 1976 until 2020, reaching an all time high of 21.05 percent in October of 1989 and a record low of 6.51 percent in September of 2020. This page provides - Australia Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Bank Lending Rate - values, historical data and charts - was last updated on November of 2020.

Bank Lending Rate in Australia is expected to be 6.51 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Australia to stand at 6.51 in 12 months time. In the long-term, the Australia Bank Lending Rate is projected to trend around 6.66 percent in 2021 and 6.91 percent in 2022, according to our econometric models.

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Australia Bank Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.51 6.51 21.05 6.51 1976 - 2020 percent Monthly

Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 107.70 105.00 123.94 64.61 points [+]
Retail Sales MoM 1.60 -1.50 16.90 -17.70 percent [+]
Retail Sales YoY 2.30 2.40 12.70 1.90 percent [+]
Consumer Spending 233518.00 265742.00 269010.00 33846.00 AUD Million [+]
Disposable Personal Income 331505.00 323419.00 331505.00 3103.00 AUD Million [+]
Personal Savings 19.80 6.00 20.30 -1.70 percent [+]
Consumer Credit 2975.98 2975.55 2999.49 35.83 AUD Billion [+]
Private Sector Credit 0.10 0.00 2.90 -0.50 percent [+]
Gasoline Prices 0.87 0.82 1.67 0.46 USD/Liter [+]
Households Debt To GDP 119.40 119.50 123.60 34.20 percent of GDP [+]
Bank Lending Rate 6.51 6.51 21.05 6.51 percent [+]
Consumer Confidence Current Conditions 102.19 99.24 131.41 70.47 [+]
Consumer Confidence Economic Expectations 92.87 94.23 127.29 59.25 [+]
Consumer Confidence Financial Expectations 98.41 102.77 124.40 79.00 [+]
Consumer Confidence Major Purchases Expectations 122.03 117.09 154.86 71.04 [+]


Australia Bank Lending Rate
In Australia, the bank lending rate refers to major banks overdraft lending rate to small and medium businesses.