Bank Lending Rate in New Zealand increased to 12.16 percent in April from 11.93 percent in March of 2023. source: Reserve Bank of New Zealand
Bank Lending Rate in New Zealand averaged 10.35 percent from 1988 until 2023, 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 June of 2023.
Bank Lending Rate in New Zealand is expected to be 12.16 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Base Lending Rate is projected to trend around 11.41 percent in 2024 and 10.41 percent in 2025, according to our econometric models.