Bank Lending Rate in New Zealand increased to 8.44 percent in September from 8.38 percent in August of 2020. source: Reserve Bank of New Zealand

Bank Lending Rate in New Zealand averaged 10.42 percent from 1988 until 2020, 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 2020.

Bank Lending Rate in New Zealand is expected to be 9.42 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 7.88 in 12 months time. In the long-term, the New Zealand Base Lending Rate is projected to trend around 10.67 percent in 2021 and 7.88 percent in 2022, according to our econometric models.

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New Zealand Base Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.44 8.38 16.02 7.50 1988 - 2020 percent Monthly

New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 95.10 97.20 130.90 79.10 points [+]
Retail Sales MoM -14.60 -1.20 2.90 -14.60 percent [+]
Retail Sales YoY -14.20 2.30 9.30 -14.20 percent [+]
Consumer Spending 35197.00 40040.00 40197.00 15207.00 NZD Million [+]
Private Sector Credit 488193.00 486178.00 488689.00 10449.00 NZD Million [+]
Bank Lending Rate 8.44 8.38 16.02 7.50 percent [+]
Households Debt To GDP 94.80 94.40 94.80 27.90 percent of GDP [+]
Households Debt To Income 163.80 163.60 163.80 56.20 percent [+]
Gasoline Prices 1.40 1.37 1.94 0.71 USD/Liter [+]
Credit Card Spending 5734.00 5439.00 5969.00 2150.00 NZD Million [+]

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.