Bank Lending Rate in the United States decreased to 7.50 percent in December from 7.75 percent in November of 2024. Bank Lending Rate in the United States averaged 6.54 percent from 1950 until 2024, reaching an all time high of 20.50 percent in August of 1981 and a record low of 2.00 percent in February of 1950. source: Federal Reserve

Bank Lending Rate in the United States is expected to be 7.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Bank Lending Rate 7.50 7.75 percent Dec 2024
Chain Store Sales 3099.00 2305.00 USD Million Nov 2024
Michigan Consumer Sentiment 71.10 74.00 points Jan 2025
Consumer Credit Change -7.49 17.32 USD Billion Nov 2024
Consumer Spending 16113.00 15967.30 USD Billion Sep 2024
Credit Card Accounts 600.53 599.10 Million Sep 2024
Debt Balance Auto Loans 1.64 1.63 Trillion USD Sep 2024
Debt Balance Credit Cards 1.17 1.14 Trillion USD Sep 2024
Debt Balance Mortgages 12.59 12.52 Trillion USD Sep 2024
Debt Balance Student Loans 1.61 1.59 Trillion USD Sep 2024
Total Household Debt 17.90 17.80 USD Trillion Sep 2024
Disposable Personal Income 21995.10 21934.00 USD Billion Nov 2024
RCM/TIPP Economic Optimism Index 51.90 54.00 points Jan 2025
Gasoline Prices 0.80 0.81 USD/Liter Dec 2024
Households Debt to GDP 70.70 71.10 percent of GDP Jun 2024
Michigan Consumer Expectations 69.30 73.30 points Jan 2025
Michigan Current Conditions 74.00 75.10 points Jan 2025
Personal Income MoM 0.30 0.70 percent Nov 2024
Personal Savings 4.40 4.50 percent Nov 2024
Personal Spending MoM 0.40 0.40 percent Nov 2024
Private Sector Credit 12594.35 12548.93 USD Billion Dec 2024
Redbook YoY 4.50 4.00 percent Jan 2025
Retail Sales Ex Autos MoM 0.40 0.20 percent Dec 2024
Retail Sales Ex Gas/Autos MoM 0.30 0.20 percent Dec 2024
Retail Sales MoM 0.40 0.80 percent Dec 2024
Retail Sales YoY 3.90 4.10 percent Dec 2024
Used Car Prices MoM -0.30 1.30 percent Dec 2024
Used Car Prices YoY 0.40 0.20 percent Dec 2024

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
7.50 7.75 20.50 2.00 1950 - 2024 percent Monthly