New Zealand: Lending interest rate

* indicates monthly or quarterly data series
 New Zealand

Interest rates on bank credit to the private sector

 Latest value 4.76
 Year 2017
 Measure percent
 Data availability 1998 - 2017
 Average 6.90
 Min - Max 4.76 - 8.99
 Source The World Bank
The latest value from 2017 is 4.76 percent, a decline from 5.02 percent in 2016. In comparison, the world average is 11.18 percent, based on data from 129 countries. Historically, the average for New Zealand from 1998 to 2017 is 6.9 percent. The minimum value, 4.76 percent, was reached in 2017 while the maximum of 8.99 percent was recorded in 1998. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
New Zealand - Lending interest rate - Recent values chart

Historical series
New Zealand - Lending interest rate - historical chart - 1998-2017




The lending interest rate in New Zealand shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.
Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Lending-deposit interest rate spread 1.46 2017 interest rate points
 Bank cost to income ratio 42.57 2021 percent
 Bank overhead cost 1.00 2021 percent
 Net interest margin 2.11 2021 percent
 Bank credit to deposits 131.90 2021 percent
 Regulatory capital to risk-weighted assets 13.50 2015 percent
 Return on assets 1.38 2021 percent
 Return on equity 17.33 2021 percent
 Banking system z-scores 44.78 2021 index points
 Liquid assets to deposits 20.39 2021 percent
 Banking system capital to assets 7.30 2015 percent
 Non-interest income to total income 18.27 2021 percent
 Lending interest rate 4.76 2017 percent
 Real interest rate 1.10 2017 percent
 Legal rights 12.00 2019 points
 Credit information sharing 8.00 2019 points
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