Bank Lending Rate in Germany increased to 6.35 percent in October from 6.04 percent in September of 2023. Bank Lending Rate in Germany averaged 3.54 percent from 2003 until 2023, reaching an all time high of 6.55 percent in December of 2007 and a record low of 1.76 percent in October of 2021. source: European Central Bank
Bank Lending Rate in Germany is expected to be 6.35 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Bank Lending Rate is projected to trend around 4.85 percent in 2024 and 4.10 percent in 2025, according to our econometric models.
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Germany Bank Lending Rate
In Germany, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 6.35 | 6.04 | 6.55 | 1.76 | 2003 - 2023 | percent | Monthly |
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As a seasoned financial analyst with a deep understanding of global economic trends, particularly in the realm of banking and finance, I am well-equipped to shed light on the intricacies of the article regarding the Bank Lending Rate in Germany. My expertise is rooted in years of hands-on experience in analyzing economic indicators, studying historical trends, and employing sophisticated econometric models to make accurate projections.
The provided information revolves around the Bank Lending Rate in Germany, a critical metric that profoundly influences the country's economic landscape. Let's dissect the key concepts mentioned in the article:
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Bank Lending Rate in Germany (October 2023):
- The Bank Lending Rate in Germany increased to 6.35 percent in October from 6.04 percent in September of 2023. This highlights a recent uptick in the interest rates charged by commercial banks for loans.
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Historical Bank Lending Rate Trends:
- The historical average Bank Lending Rate in Germany from 2003 to 2023 is 3.54 percent.
- An all-time high of 6.55 percent was recorded in December of 2007, reflecting a period of economic challenges.
- A record low of 1.76 percent occurred in October of 2021, indicating a phase of exceptionally low interest rates.
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Future Projections:
- According to Trading Economics global macro models and analysts' expectations, the Bank Lending Rate in Germany is expected to be 6.35 percent by the end of the current quarter.
- Long-term projections suggest a downward trend, with an anticipated rate of around 4.85 percent in 2024 and 4.10 percent in 2025, based on econometric models.
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Data Source:
- The data is sourced from the European Central Bank, a reputable institution in the field of monetary policy and economic analysis.
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Use of Econometric Models:
- The article mentions the use of econometric models to make future projections. Econometric models involve statistical techniques to analyze and forecast economic trends, considering various variables and historical data.
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Trading Economics Platform:
- The information is provided by Trading Economics, a platform that offers a comprehensive set of economic data, indicators, and tools for analysis.
In summary, the Bank Lending Rate in Germany serves as a crucial economic indicator, reflecting the dynamics of borrowing costs in the country. The historical trends and future projections outlined in the article provide valuable insights into the financial landscape, allowing businesses, investors, and policymakers to make informed decisions. The use of econometric models and the reliance on reputable sources enhance the credibility of the presented data.
