Deposit Interest Rate in New Zealand increased to 0.50 percent on Friday October 15 from 0.42 percent in the previous day. source: Reserve Bank of New Zealand

Deposit Interest Rate in New Zealand averaged 4.35 percent from 1981 until 2021, reaching an all time high of 16.32 percent in December of 1986 and a record low of -0.13 percent in December of 2020. This page includes a chart with historical data for Deposit Interest Rate in New Zealand. Deposit Interest Rate in New Zealand - values, historical data and charts - was last updated on October of 2021.

Deposit Interest Rate in New Zealand is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in New Zealand is projected to trend around 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Deposit Interest Rate in New Zealand

New Zealand Last Unit Reference Previous Highest Lowest
Interest Rate 0.50 percent Oct/21 0.25 67.32 0.25
Money Supply M0 8497.00 NZD Million Sep/21 8322.00 213058.00 1081.00
Money Supply M1 125516.00 NZD Million Aug/21 127301.00 127301.00 1585.70
Interbank Rate 1.53 percent Sep/19 1.25 24.25 1.25
Money Supply M2 150882.00 NZD Million Jan/17 153357.00 155766.00 19760.00
Money Supply M3 369963.00 NZD Million Aug/21 373053.00 373053.00 6726.00
Foreign Exchange Reserves 22640.00 NZD Million Sep/21 22622.00 39252.00 1029.50
Banks Balance Sheet 637042.00 NZD Million Aug/21 643677.00 643677.00 236047.00
Deposit Interest Rate 0.50 percent Oct/21 0.42 16.32 -0.13
Central Bank Balance Sheet 88816.00 NZD Million Aug/21 84504.00 88816.00 7116.00
Loans To Private Sector 117121.00 NZD Million May/21 116660.00 123422.00 34958.00

Deposit Interest Rate in New Zealand
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.