New Zealand: Real interest rate: Bank lending rate minus inflation
For that indicator, The International Monetary Fund provides data for New Zealand from 1998 to 2017. The average value for New Zealand during that period was 4.55 percent with a minumum of 1.19 percent in 2013 and a maximum of 7.79 percent in 1998.
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Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.