Bank Lending Rate in New Zealand increased to 8.37 percent in June from 8.34 percent in May of 2021. source: Reserve Bank of New Zealand
Bank Lending Rate in New Zealand averaged 10.37 percent from 1988 until 2021, 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. This page provides - New Zealand Base Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Base Lending Rate - values, historical data and charts - was last updated on August of 2021.
Bank Lending Rate in New Zealand is expected to be 8.62 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 9.12 in 12 months time. In the long-term, the New Zealand Base Lending Rate is projected to trend around 9.37 percent in 2022 and 9.87 percent in 2023, according to our econometric models.