Bank Lending Rate in New Zealand increased to 10.93 percent in October from 10.60 percent in September of 2022. source: Reserve Bank of New Zealand

Bank Lending Rate in New Zealand averaged 10.33 percent from 1988 until 2022, 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 November of 2022.

Bank Lending Rate in New Zealand is expected to be 11.68 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Base Lending Rate is projected to trend around 12.43 percent in 2023 and 11.43 percent in 2024, according to our econometric models.

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New Zealand Base Lending Rate

Related Last Previous Unit Reference
Private Sector Credit 548699.00 543262.00 NZD Million Sep 2022
Bank Lending Rate 10.93 10.60 percent Oct 2022
Households Debt to Income 173.00 174.00 percent Jun 2022
Consumer Credit 248163.00 246877.00 NZD Million Jan 2017

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.
Actual Previous Highest Lowest Dates Unit Frequency
10.93 10.60 16.02 7.50 1988 - 2022 percent Monthly