Bank Lending Rate in Singapore averaged 6.51 percent from 1978 until 2021, 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. This page provides - Singapore Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Prime Lending Rate - values, historical data and charts - was last updated on July of 2021.
Bank Lending Rate in Singapore is expected to be 5.30 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 5.50 in 12 months time. In the long-term, the Singapore Prime Lending Rate is projected to trend around 5.60 percent in 2022 and 5.90 percent in 2023, according to our econometric models.