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.