New Zealand: Business credit interest rate

* indicates monthly or quarterly data series
 New Zealand

Business credit interest rate, percent

 Latest value 7.88
 Reference March 2024
 Measure percent
 Data availability January 2000 - March 2024
 Average 6.21
 Min - Max 3.14 - 9.28
 Source Reserve Bank of New Zealand
For that indicator, we provide data for New Zealand from January 2000 to March 2024. The average value for New Zealand during that period was 6.21 percent with a minimum of 3.14 percent in July 2021 and a maximum of 9.28 percent in August 2008. Click on the following link to see the values of Business credit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
New Zealand - Business credit interest rate - recent values

Historical chart
New Zealand - Business credit interest rate - historical chart - 2000-2024
Measure: percent
Source: Reserve Bank of New Zealand


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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.

 Related indicators Latest value Reference Measure
 Inflation 7.2 2022 percent
 Exchange rate regimes 7 2021 index points
 USD exchange rate 1.6874 9/2023 Local Currency Units per USD
 Money supply (broad money) 404.88 9/2023 billion
 Consumer Price Index (CPI) 1,253.0000 Q3/2023 index points
 Inflation, monthly 1.79 Q3/2023 percent
 Inflation, annual 5.65 Q3/2023 percent
 Private sector credit 536.51 9/2023 billion
 Business credit 272.03 9/2023 billion
 Household credit 264.49 9/2023 billion
 Mortgage credit 256.90 9/2023 billion
 Consumer credit 7.59 9/2023 billion
 Deposit interest rate 5.85 9/2023 percent
 Business credit interest rate 7.88 9/2023 percent
 Mortgage credit interest rate 7.51 9/2023 percent
 Policy rate 5.50 9/2023 percent
 Household debt to GDP 91.40 9/2023 percent
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