Bank Lending Rate in Portugal increased to 2.81 percent in October from 2.74 percent in September of 2018. Bank Lending Rate in Portugal averaged 5.60 percent from 2003 until 2018, reaching an all time high of 8.08 percent in October of 2008 and a record low of 2.64 percent in June of 2018.
Bank Lending Rate in Portugal is expected to be 2.75 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 Portugal to stand at 3.00 in 12 months time. In the long-term, the Portugal Bank Lending Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.