Bank Lending Rate In the Euro Area decreased to 1.99 percent in October from 2.01 percent in September of 2018. Bank Lending Rate in the Euro Area averaged 4.08 percent from 2000 until 2018, reaching an all time high of 6.52 percent in October of 2008 and a record low of 1.99 percent in October of 2018.
Bank Lending Rate in Euro Area is expected to be 2.02 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 Euro Area to stand at 2.27 in 12 months time. In the long-term, the Euro Area Bank Lending Rate is projected to trend around 2.77 percent in 2020, according to our econometric models.