Bank Lending Rate in Sri Lanka increased to 12.25 percent in October from 11.74 percent in September of 2018. Bank Lending Rate in Sri Lanka averaged 12.92 percent from 1997 until 2018, reaching an all time high of 23.20 percent in January of 2001 and a record low of 6 percent in June of 2015.
Bank Lending Rate in Sri Lanka is expected to be 11.74 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 Sri Lanka to stand at 12.99 in 12 months time. In the long-term, the Sri Lanka Prime Lending Rate is projected to trend around 11.99 percent in 2020, according to our econometric models.