Deposit Interest Rate in New Zealand decreased to 0.20 percent on Friday September 18 from 0.29 percent in the previous day.

Deposit Interest Rate in New Zealand averaged 4.54 percent from 1981 until 2020, reaching an all time high of 16.32 percent in December of 1986 and a record low of 0.11 percent in July 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 September of 2020.

Deposit Interest Rate in New Zealand is expected to be 0.21 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in New Zealand to stand at 0.21 in 12 months time. In the long-term, the Deposit Interest Rate in New Zealand is projected to trend around 0.21 percent in 2021, according to our econometric models.

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Deposit Interest Rate in New Zealand

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.29 16.32 0.11 1981 - 2020 percent Daily

New Zealand Money Last Previous Highest Lowest Unit
Interest Rate 0.25 0.25 67.32 0.25 percent [+]
Money Supply M0 8055.00 7926.00 213058.00 1081.00 NZD Million [+]
Money Supply M1 98755.00 96911.00 98755.00 1585.70 NZD Million [+]
Money Supply M3 350385.00 346397.00 350385.00 6726.00 NZD Million [+]
Foreign Exchange Reserves 24403.00 28620.00 39252.00 1029.50 NZD Million [+]
Banks Balance Sheet 622482.00 619049.00 631371.00 236047.00 NZD Million [+]
Deposit Interest Rate 0.20 0.29 16.32 0.11 percent [+]
Loans To Private Sector 122078.00 123422.00 123422.00 34958.00 NZD Million [+]
Central Bank Balance Sheet 58986.00 58393.00 58986.00 7116.00 NZD Million [+]


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