Bank Lending Rate in New Zealand increased to 9.95 percent in July from 9.84 percent in June of 2022. source: Reserve Bank of New Zealand

Bank Lending Rate in New Zealand averaged 10.33 percent from 1988 until 2022, 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 August of 2022.

Bank Lending Rate in New Zealand is expected to be 10.45 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 10.95 percent in 2023 and 10.45 percent in 2024, according to our econometric models.

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New Zealand Base Lending Rate

Related Last Previous Unit Reference
Private Sector Credit 539954.00 536616.00 NZD Million Jun 2022
Bank Lending Rate 9.95 9.84 percent Jul 2022
Households Debt To Income 165.60 162.60 percent Dec 2020
Consumer Credit 248163.00 246877.00 NZD Million Jan 2017

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.95 9.84 16.02 7.50 1988 - 2022 percent Monthly