New Zealand Base Lending Rate

Bank Lending Rate in New Zealand decreased to 9.34 percent in July from 9.35 percent in June of 2019. Bank Lending Rate in New Zealand averaged 10.48 percent from 1988 until 2019, 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 9.35 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 9.10 in 12 months time. In the long-term, the New Zealand Base Lending Rate is projected to trend around 9.60 percent in 2020, according to our econometric models.

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New Zealand Consumer	Last	Previous	Highest	Lowest	Unit
Consumer Confidence	103.50	103.80	130.90	79.10	Index Points	[+]
Retail Sales MoM	0.20	0.70	2.80	-2.80	percent	[+]
Retail Sales YoY	2.90	3.30	9.30	-8.00	percent	[+]
Consumer Spending	39047.00	38997.00	39047.00	15210.00	NZD Million	[+]
Private Sector Credit	465368.00	463373.00	465368.00	10449.00	NZD Million	[+]
Bank Lending Rate	9.34	9.35	16.02	7.50	percent	[+]
Households Debt To GDP	94.00	93.10	94.00	27.90	percent of GDP	[+]
Households Debt To Income	163.90	163.90	163.90	56.20	percent	[+]
Credit Card Spending	5492.00	5498.00	5518.00	2156.00	NZD Million	[+]

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 August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	9.34	9.35	16.02	7.50	1988 - 2019	percent	Monthly

Export Data API

Country	Last		Previous	Range
Brazil	53.24	Jun/19	52.93	254 : 39.12	%
South Africa	10.00	Jul/19	10	25.5 : 5.5	%
India	9.40	Aug/19	9.4	20 : 8	%
Russia	9.03	Jun/19	9.13	449 : 7.9	%
Australia	8.03	Jul/19	8.55	20.5 : 8.03	%
United States	5.50	Jul/19	5.5	20.5 : 2	%
Singapore	5.25	Jul/19	5.25	14.98 : 5.25	%
China	4.35	Jul/19	4.35	12.06 : 4.35	%
Canada	3.95	Aug/19	3.95	22.75 : 2.25	%
South Korea	3.49	Jun/19	3.62	17.01 : 3.23	%
Germany	2.08	Jun/19	2.12	6.55 : 2.01	%
Euro Area	1.95	Jun/19	2	6.52 : 1.95	%
Italy	1.91	Jun/19	1.97	6.48 : 1.89	%
United Kingdom	1.75	Aug/19	1.75	18 : 1.25	%
France	1.74	Jun/19	1.7	6.29 : 1.67	%
Japan	1.00	Jun/19	1	9.9 : 0.9	%
Spain	0.95	Jun/19	1.45	6.29 : 0.94	%
Netherlands	0.85	Jun/19	0.83	6.26 : 0.83	%