Bank Lending Rate in Australia remained unchanged at 6.51 percent in September from 6.51 percent in August of 2021. source: Reserve Bank of Australia

Bank Lending Rate in Australia averaged 10.86 percent from 1976 until 2021, 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 October of 2021.

Bank Lending Rate in Australia is expected to be 6.51 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 6.51 percent in 2022 and 6.66 percent in 2023, according to our econometric models.

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Australia Overdraft Lending Rate


Australia Last Unit Reference Previous Highest Lowest
Private Sector Credit 0.60 percent Aug/21 0.70 2.90 -0.50
Consumer Credit 3123.07 AUD Billion Aug/21 3105.64 3123.07 35.83
Bank Lending Rate 6.51 percent Sep/21 6.51 21.05 6.51


Australia Overdraft Lending Rate
In Australia, the bank lending rate refers to major banks overdraft lending rate to small and medium businesses.