Bank Lending Rate in Singapore remained unchanged at 5.25 percent in September from 5.25 percent in August of 2019. Bank Lending Rate in Singapore averaged 6.56 percent from 1978 until 2019, reaching an all time high of 14.98 percent in October of 1981 and a record low of 5.25 percent in March of 2019.

Bank Lending Rate in Singapore is expected to be 5.47 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 Singapore to stand at 5.51 in 12 months time. In the long-term, the Singapore Prime Lending Rate is projected to trend around 5.37 percent in 2020, according to our econometric models.

Singapore Prime Lending Rate
Forecast Data Chart
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Singapore Consumer Last Previous Highest Lowest Unit
Retail Sales MoM -1.30 2.90 32.60 -31.20 percent [+]
Retail Sales YoY -4.10 -1.50 50.90 -28.40 percent [+]
Consumer Spending 44258.10 44333.30 44333.30 4470.60 SGD Million [+]
Private Sector Credit 608126.70 606359.50 613501.70 56535.00 SGD Million [+]
Bank Lending Rate 5.25 5.25 14.98 5.25 percent [+]
Households Debt To GDP 53.60 54.20 59.30 21.80 percent of GDP [+]
Gasoline Prices 1.63 1.59 1.80 0.61 USD/Liter [+]

Singapore Prime Lending Rate

In Singapore, the prime lending rate is the average rate of interest charged on loans by 10 Singaporean leading banks and finance companies to private individuals and companies. This page provides - Singapore Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Prime Lending Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.25 5.25 14.98 5.25 1978 - 2019 percent Monthly

Country Last Previous
Brazil 52.06 Aug/19
South Africa 10.00 Sep/19
India 9.40 Sep/19
Russia 8.70 Jul/19
Australia 8.03 Sep/19
Singapore 5.25 Sep/19
United States 5.15 Sep/19
China 4.35 Sep/19
Canada 3.95 Oct/19
South Korea 3.19 Aug/19
Germany 2.02 Aug/19
Euro Area 1.94 Aug/19
Italy 1.86 Aug/19
France 1.75 Aug/19
United Kingdom 1.75 Sep/19
Spain 1.33 Aug/19
Japan 0.95 Aug/19
Netherlands 0.74 Aug/19