Deposit Interest Rate in New Zealand increased to 1.18 percent on Friday January 17 from 1.14 percent in the previous trading day. Deposit Interest Rate in New Zealand averaged 4.66 percent from 1981 until 2020, reaching an all time high of 16.32 percent in December of 1986 and a record low of 1.02 percent in September of 2019. source: Reserve Bank of New Zealand

Deposit Interest Rate in New Zealand is expected to be 0.98 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in New Zealand to stand at 0.98 in 12 months time. In the long-term, the Deposit Interest Rate in New Zealand is projected to trend around 1.23 percent in 2020, according to our econometric models.


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Deposit Interest Rate in New Zealand

Actual Previous Highest Lowest Dates Unit Frequency
1.18 1.14 16.32 1.02 1981 - 2020 percent Daily


Deposit Interest Rate in New Zealand
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.

New Zealand Money Last Previous Highest Lowest Unit
Interest Rate 1.00 1.00 67.32 1.00 percent [+]
Interbank Rate 1.53 1.25 24.25 1.25 percent [+]
Money Supply M0 7555.00 7086.00 213058.00 1081.00 NZD Million [+]
Money Supply M1 78758.00 76187.00 78758.00 1585.70 NZD Million [+]
Money Supply M3 324328.00 321673.00 324328.00 6726.00 NZD Million [+]
Foreign Exchange Reserves 26458.00 28602.00 32785.00 1029.50 NZD Million [+]
Banks Balance Sheet 584096.00 588551.00 588551.00 236047.00 NZD Million [+]
Deposit Interest Rate 1.18 1.14 16.32 1.02 percent [+]
Loans To Private Sector 120038.00 118357.00 120038.00 34958.00 NZD Million [+]
Central Bank Balance Sheet 24599.00 25185.00 36050.00 7116.00 NZD Million [+]