Bank Lending Rate in Australia increased to 6.82 percent in May from 6.51 percent in April of 2022. source: Reserve Bank of Australia
Bank Lending Rate in Australia averaged 10.79 percent from 1976 until 2022, reaching an all time high of 21.05 percent in October of 1989 and a record low of 6.51 percent in September of 2020. This page provides - Australia Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Overdraft Lending Rate - values, historical data and charts - was last updated on July of 2022.
Bank Lending Rate in Australia is expected to be 6.82 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Overdraft Lending Rate is projected to trend around 10.12 percent in 2023 and 9.72 percent in 2024, according to our econometric models.