Bank Lending Rate in Singapore remained unchanged at 5.25 percent in August from 5.25 percent in July of 2020.

Bank Lending Rate in Singapore averaged 6.53 percent from 1978 until 2020, reaching an all time high of 14.98 percent in October of 1981 and a record low of 5.25 percent in March of 2019. This page provides - Singapore Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Prime Lending Rate - values, historical data and charts - was last updated on October of 2020. source: Monetary Authority of Singapore

Bank Lending Rate in Singapore is expected to be 5.19 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 Singapore to stand at 5.24 in 12 months time. In the long-term, the Singapore Prime Lending Rate is projected to trend around 5.24 percent in 2021 and 5.74 percent in 2022, according to our econometric models.

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Singapore Prime Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.25 5.25 14.98 5.25 1978 - 2020 percent Monthly

Singapore Consumer Last Previous Highest Lowest Unit
Retail Sales MoM 1.40 27.20 50.70 -31.30 percent [+]
Retail Sales YoY -5.70 -8.50 50.70 -52.00 percent [+]
Consumer Spending 32250.50 43715.20 45597.80 4470.60 SGD Million [+]
Private Sector Credit 617236.10 615949.90 618733.00 56535.00 SGD Million [+]
Bank Lending Rate 5.25 5.25 14.98 5.25 percent [+]
Households Debt To GDP 51.10 51.80 59.30 21.80 percent of GDP [+]
Gasoline Prices 1.42 1.43 1.80 0.61 USD/Liter [+]


Singapore Prime Lending Rate
In Singapore, the prime lending rate is the average rate of interest charged on loans by 10 Singaporean leading banks and finance companies to private individuals and companies.