Bank Lending Rate in Singapore remained unchanged at 5.25 percent in August from 5.25 percent in July of 2019. Bank Lending Rate in Singapore averaged 6.56 percent from 1978 until 2019, reaching an all time high of 14.98 percent in October of 1981 and a record low of 5.25 percent in March of 2019.
Bank Lending Rate in Singapore is expected to be 5.88 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 Singapore to stand at 5.58 in 12 months time. In the long-term, the Singapore Prime Lending Rate is projected to trend around 5.18 percent in 2020, according to our econometric models.