Bank Lending Rate in Australia remained unchanged at 10.76 percent in August. Bank Lending Rate in Australia averaged 10.74 percent from 1976 until 2026, 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. source: Reserve Bank of Australia
Bank Lending Rate in Australia is expected to be 10.76 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 10.51 percent in 2027 and 10.26 percent in 2028, according to our econometric models.