Bank Lending Rate in Luxembourg remained unchanged at 1.60 percent in August from 1.60 percent in July of 2019. Bank Lending Rate in Luxembourg averaged 3.01 percent from 2003 until 2019, reaching an all time high of 6.24 percent in October of 2008 and a record low of 1.53 percent in October of 2015.
Bank Lending Rate in Luxembourg is expected to be 1.73 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 Luxembourg to stand at 1.65 in 12 months time. In the long-term, the Luxembourg Bank Lending Rate is projected to trend around 2.48 percent in 2020, according to our econometric models.