Bank Lending Rate in New Zealand remained unchanged at 9 percent in December from 9 percent in November of 2019. Bank Lending Rate in New Zealand averaged 10.46 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. source: Reserve Bank of New Zealand

Bank Lending Rate in New Zealand is expected to be 8.75 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 8.75 in 12 months time. In the long-term, the New Zealand Base Lending Rate is projected to trend around 9.00 percent in 2020, according to our econometric models.

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New Zealand Base Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.00 9.00 16.02 7.50 1988 - 2019 percent Monthly

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.

New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 109.90 103.10 130.90 79.10 points [+]
Retail Sales MoM 1.60 0.20 2.90 -2.80 percent [+]
Retail Sales YoY 4.50 2.90 9.30 -8.00 percent [+]
Consumer Spending 39684.00 39358.00 39684.00 15205.00 NZD Million [+]
Private Sector Credit 476628.00 475403.00 476628.00 10449.00 NZD Million [+]
Bank Lending Rate 9.00 9.00 16.02 7.50 percent [+]
Households Debt To GDP 94.60 94.40 94.60 27.90 percent of GDP [+]
Households Debt To Income 164.40 164.20 164.40 56.20 percent [+]
Credit Card Spending 5822.00 5871.00 5871.00 2155.00 NZD Million [+]