Bank Lending Rate in the United States increased to 4.85 percent in July from 4.38 percent in June 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 August of 2022.

Bank Lending Rate in the United States is expected to be 4.50 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.

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United States Average Monthly Prime Lending Rate



Related Last Previous Unit Reference
Private Sector Credit 11336.25 11203.44 USD Billion Jun 2022
Consumer Credit 40.15 23.79 USD Billion Jun 2022
Bank Lending Rate 4.85 4.38 percent Jul 2022

United States Average Monthly Prime Lending Rate
In the United States, the prime lending rate is the average rate of interest charged on short term loans by commercial banks to companies.
Actual Previous Highest Lowest Dates Unit Frequency
4.85 4.38 20.50 2.00 1950 - 2022 percent Monthly