Bank Lending Rate in Spain increased to 1.28 percent in July from 0.95 percent in June of 2019. Bank Lending Rate in Spain averaged 3.06 percent from 2003 until 2019, reaching an all time high of 6.29 percent in May of 2008 and a record low of 0.94 percent in December of 2018.
Bank Lending Rate in Spain is expected to be 1.45 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 Spain to stand at 1.45 in 12 months time. In the long-term, the Spain Bank Rate on Loans to Non Financial Corporations is projected to trend around 1.70 percent in 2020, according to our econometric models.