Bank Lending Rate in New Zealand remained unchanged at 8.41 percent in September from 8.41 percent in August of 2021. source: Reserve Bank of New Zealand

Bank Lending Rate in New Zealand averaged 10.36 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 October of 2021.

Bank Lending Rate in New Zealand is expected to be 8.41 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 9.41 percent in 2022 and 9.91 percent in 2023, according to our econometric models.

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New Zealand Base Lending Rate

New Zealand Last Unit Reference Previous Highest Lowest
Private Sector Credit 514665.00 NZD Million Aug/21 514388.00 514665.00 10449.00
Bank Lending Rate 8.41 percent Sep/21 8.41 16.02 7.50
Households Debt To Income 165.60 percent Dec/20 162.60 165.60 56.20
Consumer Credit 248163.00 NZD Million Jan/17 246877.00 248163.00 21498.00

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.