Bank Lending Rate in New Zealand decreased to 9.41 percent in December from 9.42 percent in November of 2018. Bank Lending Rate in New Zealand averaged 10.50 percent from 1988 until 2018, 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 9.42 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 9.42 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 109.10 107.40 130.90 79.10 Index Points [+]
Retail Sales MoM 0.00 1.10 2.80 -2.80 percent [+]
Retail Sales YoY 2.70 3.10 9.30 -8.00 percent [+]
Consumer Spending 38478.00 38101.00 38478.00 15210.00 NZD Million [+]
Private Sector Credit 450341.00 449127.00 450341.00 10449.00 NZD Million [+]
Bank Lending Rate 9.41 9.42 16.02 7.50 percent [+]
Households Debt To GDP 92.60 92.20 93.30 27.90 percent of GDP [+]
Households Debt To Income 166.00 166.00 166.20 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.41 9.42 16.02 7.50 1988 - 2018 percent Monthly

Country Last Previous
Brazil 51.57 Nov/18
South Africa 10.25 Jan/19
India 9.45 Jan/19
Russia 9.06 Nov/18
Australia 8.65 Dec/18
United States 5.35 Dec/18
Singapore 5.33 Dec/18
China 4.35 Dec/18
Canada 3.95 Jan/19
South Korea 3.66 Nov/18
Germany 2.05 Nov/18
Euro Area 2.02 Nov/18
Italy 1.94 Nov/18
United Kingdom 1.75 Dec/18
France 1.72 Nov/18
Spain 1.46 Nov/18
Japan 1.00 Nov/18
Netherlands 0.85 Nov/18