Bank Lending Rate in the United States remained unchanged at 6.75 percent in July. Bank Lending Rate in the United States averaged 6.55 percent from 1950 until 2026, reaching an all time high of 20.50 percent in August of 1981 and a record low of 2.00 percent in February of 1950. source: Federal Reserve

Bank Lending Rate in the United States is expected to be 6.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Average Monthly Prime Lending Rate is projected to trend around 7.25 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Bank Lending Rate 6.75 6.75 percent Jul 2026
Chain Store Sales 3391.00 3131.00 USD Million May 2026
Michigan Consumer Sentiment 55.20 49.50 points Jul 2026
Consumer Credit Change 14.17 -1.08 USD Billion Jun 2026
Consumer Spending 16817.90 16687.70 USD Billion Jun 2026
Credit Card Accounts 653.63 647.96 Million Jun 2026
Debt Balance Auto Loans 1.71 1.69 Trillion USD Jun 2026
Debt Balance Credit Cards 1.26 1.24 Trillion USD Jun 2026
Debt Balance Mortgages 13.12 13.19 Trillion USD Jun 2026
Debt Balance Student Loans 1.65 1.66 Trillion USD Jun 2026
Total Household Debt 18.77 18.78 USD Trillion Jun 2026
Disposable Personal Income 23651.70 23486.90 USD Billion May 2026
RCM/TIPP Economic Optimism Index 45.10 45.50 points Aug 2026
Gasoline Prices 1.04 1.07 USD/Liter Jul 2026
Households Debt to GDP 68.10 68.20 percent of GDP Dec 2025
Michigan Consumer Expectations 55.40 50.70 points Jul 2026
Michigan Current Conditions 54.80 47.70 points Jul 2026
Personal Income MoM 0.20 0.70 percent Jun 2026
Personal Savings 2.70 2.80 percent Jun 2026
Personal Spending MoM 0.30 0.90 percent Jun 2026
Private Sector Credit 13854.10 13804.80 USD Billion Jun 2026
Redbook YoY 8.30 8.70 percent Aug 2026
Retail Sales Ex Autos MoM -0.20 1.00 percent Jun 2026
Retail Sales Ex Gas/Autos MoM 0.40 0.80 percent Jun 2026
Retail Sales MoM 0.20 1.00 percent Jun 2026
Retail Sales YoY 6.70 7.30 percent Jun 2026
Used Car Prices MoM -1.40 0.10 percent Jul 2026
Used Car Prices YoY 1.30 2.10 percent Jul 2026


United States Average Monthly Prime Lending Rate
In the United States, the prime lending rate is the average rate of interest charged on short term loans by commercial banks to companies.
Actual Previous Highest Lowest Dates Unit Frequency
6.75 6.75 20.50 2.00 1950 - 2026 percent Monthly