Interbank Rate in New Zealand decreased to 1.55 percent in July from 1.65 percent in June of 2019. Interbank Rate in New Zealand averaged 6.89 percent from 1986 until 2019, reaching an all time high of 24.25 percent in April of 1987 and a record low of 1.55 percent in July of 2019.
Interbank Rate in New Zealand is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in New Zealand to stand at 1.20 in 12 months time. In the long-term, the New Zealand Three Month Interbank Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.