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.

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New Zealand Base Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.37 8.34 16.02 7.50 1988 - 2021 percent Monthly

New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 107.10 105.20 130.90 79.10 points [+]
Retail Sales MoM 2.50 -2.60 27.80 -14.80 percent [+]
Retail Sales YoY 6.80 4.60 9.30 -14.20 percent [+]
Consumer Spending 43840.00 41647.00 43840.00 15207.00 NZD Million [+]
Private Sector Credit 511081.00 507808.00 511081.00 10449.00 NZD Million [+]
Bank Lending Rate 8.37 8.34 16.02 7.50 percent [+]
Households Debt To GDP 97.60 95.10 97.60 27.90 percent of GDP [+]
Households Debt To Income 165.60 162.60 165.60 56.20 percent [+]
Gasoline Prices 1.66 1.65 1.94 0.71 USD/Liter [+]
Credit Card Spending 6310.00 6256.00 6310.00 2150.00 NZD Million [+]

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.