
New Zealand: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 5.16 percent as of November 2024, a decline compared to the previous value of 5.27 percent. Historically, the average for New Zealand from January 2000 to November 2024 is 4.61 percent. The minimum of 0.82 percent was recorded in January 2021, while the maximum of 8.45 percent was reached in June 2008.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Reserve Bank of New Zealand
Recent values | New Zealand: Bank deposit interest rate, percent |
---|---|
2024  Nov | 5.16 |
2024  Oct | 5.27 |
2024  Sep | 5.67 |
2024  Aug | 5.74 |
2024  Jul | 5.84 |
2024  Jun | 5.97 |
2024  May | 5.95 |
2024  Apr | 6.03 |
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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Inflation | 5.7 | 2023 | percent |
Exchange rate regimes | 7 | 2022 | index points |
USD exchange rate | 1.7784 | 1/2025 | Local Currency Units per USD |
Money supply (broad money) | 430.07 | 12/2024 | billion |
Consumer Price Index (CPI) | 1,287.0000 | Q4/2024 | index points |
Inflation, monthly | 0.55 | Q4/2024 | percent |
Inflation, annual | 2.22 | Q4/2024 | percent |
Private sector credit | 557.75 | 12/2024 | billion |
Business credit | 279.42 | 12/2024 | billion |
Household credit | 278.33 | 12/2024 | billion |
Mortgage credit | 270.63 | 12/2024 | billion |
Consumer credit | 7.70 | 12/2024 | billion |
Deposit interest rate | 5.16 | 11/2024 | percent |
Business credit interest rate | 7.41 | 10/2024 | percent |
Mortgage credit interest rate | 6.51 | 11/2024 | percent |
Policy rate | 4.25 | 12/2024 | percent |
Household debt to GDP | 91.00 | 6/2024 | percent |