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.