Bank Lending Rate in Australia increased to 8.32 percent in August from 7.63 percent in July of 2022. source: Reserve Bank of Australia

Bank Lending Rate in Australia averaged 10.78 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 October of 2022.

Bank Lending Rate in Australia is expected to be 8.32 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 10.32 percent in 2023 and 8.97 percent in 2024, according to our econometric models.

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Australia Overdraft Lending Rate

Related Last Previous Unit Reference
Private Sector Credit 0.80 0.80 percent Aug 2022
Consumer Credit 3431.97 3404.70 AUD Billion Aug 2022
Bank Lending Rate 8.32 7.63 percent Aug 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
8.32 7.63 21.05 6.51 1976 - 2022 percent Monthly