Bank Lending Rate in New Zealand decreased to 9.35 percent in June from 9.38 percent in May of 2019. Bank Lending Rate in New Zealand averaged 10.49 percent from 1988 until 2019, reaching an all time high of 16.02 percent in July of 1988 and a record low of 7.50 percent in September of 1999.

Bank Lending Rate in New Zealand is expected to be 9.17 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in New Zealand to stand at 8.88 in 12 months time. In the long-term, the New Zealand Base Lending Rate is projected to trend around 10.67 percent in 2020, according to our econometric models.

New Zealand Base Lending Rate
Forecast Data Chart
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New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 103.50 103.80 130.90 79.10 Index Points [+]
Retail Sales MoM 0.70 1.70 2.80 -2.80 percent [+]
Retail Sales YoY 3.30 3.50 9.30 -8.00 percent [+]
Consumer Spending 39047.00 38997.00 39047.00 15210.00 NZD Million [+]
Private Sector Credit 463373.00 460284.00 463373.00 10449.00 NZD Million [+]
Bank Lending Rate 9.35 9.38 16.02 7.50 percent [+]
Households Debt To GDP 94.00 93.10 94.00 27.90 percent of GDP [+]
Households Debt To Income 163.90 163.90 163.90 56.20 percent [+]

New Zealand Base Lending Rate

In New Zealand, the base lending rate is the average rate of interest charged on loans by commercial banks to new businesses. This page provides - New Zealand Base Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Base Lending Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.35 9.38 16.02 7.50 1988 - 2019 percent Monthly

Country Last Previous
Brazil 52.93 May/19
South Africa 10.25 Jun/19
India 9.40 Jun/19
Russia 9.14 Apr/19
Australia 8.55 Jun/19
United States 5.50 Jun/19
Singapore 5.25 Jun/19
China 4.35 Jun/19
Canada 3.95 Jul/19
South Korea 3.62 May/19
Germany 2.12 May/19
Euro Area 2.00 May/19
Italy 1.97 May/19
United Kingdom 1.75 Jun/19
France 1.70 May/19
Spain 1.45 May/19
Japan 1.00 May/19
Netherlands 0.83 May/19