Bank Lending Rate in Australia remained unchanged at 8.66 percent in May from 8.66 percent in April of 2019. Bank Lending Rate in Australia averaged 11.17 percent from 1976 until 2019, reaching an all time high of 20.50 percent in September of 1989 and a record low of 8.10 percent in January of 2002.
Bank Lending Rate in Australia is expected to be 8.66 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 8.41 in 12 months time. In the long-term, the Australia Bank Lending Rate is projected to trend around 8.91 percent in 2020, according to our econometric models.