Bank Lending Rate in Australia increased to 9.51 percent in December from 9.32 percent in November of 2022. source: Reserve Bank of Australia

Bank Lending Rate in Australia averaged 10.77 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 January of 2023.

Bank Lending Rate in Australia is expected to be 10.01 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 9.26 percent in 2024 and 8.91 percent in 2025, according to our econometric models.

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Australia Overdraft Lending Rate

Related Last Previous Unit Reference
Private Sector Credit 0.50 0.50 percent Nov 2022
Consumer Credit 3493.94 3479.01 AUD Billion Nov 2022
Bank Lending Rate 9.51 9.32 percent Dec 2022

Australia Overdraft Lending Rate
In Australia, the bank lending rate refers to major banks overdraft lending rate to small and medium businesses.
Actual Previous Highest Lowest Dates Unit Frequency
9.51 9.32 21.05 6.51 1976 - 2022 percent Monthly