Bank Lending Rate in Australia remained unchanged at 9.51 percent in January from 9.51 percent in December of 2022. source: Reserve Bank of Australia
Bank Lending Rate in Australia averaged 10.76 percent from 1976 until 2023, 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 Overdraft Lending Rate - values, historical data and charts - was last updated on February of 2023.
Bank Lending Rate in Australia is expected to be 10.01 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Overdraft Lending Rate is projected to trend around 9.26 percent in 2024 and 8.91 percent in 2025, according to our econometric models.