Bank Lending Rate in Australia remained unchanged at 7.92 percent in January from 7.92 percent in December of 2019. Australia Bank Lending Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Bank Lending Rate in Australia averaged 11.12 percent from 1976 until 2020, reaching an all time high of 20.50 percent in September of 1989 and a record low of 7.92 percent in October of 2019. This page provides - Australia Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Reserve Bank of Australia

Bank Lending Rate in Australia is expected to be 7.67 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 7.92 in 12 months time. In the long-term, the Australia Bank Lending Rate is projected to trend around 7.92 percent in 2021, according to our econometric models.

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Australia Bank Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.92 7.92 20.50 7.92 1976 - 2020 percent Monthly

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