Bank Lending Rate in Portugal increased to 2.21 percent in August from 2.07 percent in July of 2020.
Bank Lending Rate in Portugal averaged 5.28 percent from 2003 until 2020, reaching an all time high of 8.08 percent in October of 2008 and a record low of 1.63 percent in May of 2020. This page provides - Portugal Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Bank Lending Rate - values, historical data and charts - was last updated on October of 2020.
Bank Lending Rate in Portugal is expected to be 3.01 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 Portugal to stand at 2.07 in 12 months time. In the long-term, the Portugal Bank Lending Rate is projected to trend around 3.51 percent in 2021 and 2.07 percent in 2022, according to our econometric models.