Bank Lending Rate in the United States increased to 3.94 percent in May from 3.50 percent in April of 2022. source: Federal Reserve
Bank Lending Rate in the United States averaged 6.50 percent from 1950 until 2022, reaching an all time high of 20.50 percent in August of 1981 and a record low of 2 percent in February of 1950. This page provides - United States Average Monthly Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Average Monthly Prime Lending Rate - values, historical data and charts - was last updated on June of 2022.
Bank Lending Rate in the United States is expected to be 4.00 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 3.75 percent in 2023 and 4.00 percent in 2024, according to our econometric models.