The benchmark interest rate in New Zealand was last recorded at 2.25 percent. This dataset provides - New Zealand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about New Zealand Long Term Interest Rate

• New Zealand Government Bond Yield: 10 Years was reported at 4.36 % pa in Nov 2025, compared with 4.06 % pa in the previous month.
• New Zealand Long Term Interest Rate data is updated monthly, available from Jan 1985 to Nov 2025.
• The data reached an all-time high of 18.90 % pa in Mar 1986 and a record low of 0.51 % pa in Sep 2020.
• Long Term Interest Rate is reported by reported by Reserve Bank of New Zealand.

CEIC calculates monthly Long Term Interest Rate from daily 10 year Government Bond Yield. The Reserve Bank of New Zealand provides 10 year Treasury Bond Yield. Long Term Interest Rate prior to March 1985 is sourced directly from Reserve Bank of New Zealand.. The ten-year benchmark for New Zealand Government bonds with a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity.


Related information about New Zealand Long Term Interest Rate

• In the latest reports, New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 2.45 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 2.25 % pa in Nov 2025.
• New Zealand Exchange Rate against USD averaged 1.73 (USD/NZD) in Oct 2025.

In 2018, the real interest rate in New Zealand stood at ***** percent. Between 1998 and 2018, the figure dropped by **** percentage points, though the decline followed an uneven course rather than a steady trajectory.

Actual value and historical data chart for New Zealand Real Interest Rate Percent

Mortgage credit interest rate, percent in New Zealand, September, 2025 The most recent value is 5.68 percent as of September 2025, a decline compared to the previous value of 5.69 percent. Historically, the average for New Zealand from December 2004 to September 2025 is 6.39 percent. The minimum of 3.64 percent was recorded in February 2021, while the maximum of 9.81 percent was reached in April 2008. | TheGlobalEconomy.com

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Bank Bills: Total for New Zealand (IR3TBB01NZQ156N) from Q1 1974 to Q4 2023 about New Zealand, bills, 3-month, yield, interest rate, banks, depository institutions, interest, and rate.

Mortgage Interest Rate: Flexible data was reported at 5.800 % pa in 03 Dec 2025. This stayed constant from the previous number of 5.800 % pa for 02 Dec 2025. Mortgage Interest Rate: Flexible data is updated daily, averaging 8.750 % pa from Feb 2023 (Median) to 03 Dec 2025, with 1036 observations. The data reached an all-time high of 8.750 % pa in 31 Jul 2024 and a record low of 5.800 % pa in 03 Dec 2025. Mortgage Interest Rate: Flexible data remains active status in CEIC and is reported by ANZ Bank New Zealand. The data is categorized under High Frequency Database’s Lending Rates – Table NZ.DL: Mortgage Interest Rate.

New Zealand: Real interest rate: Bank lending rate minus inflation: The latest value from 2017 is 1.11 percent, a decline from 2.54 percent in 2016. In comparison, the world average is 5.12 percent, based on data from 122 countries. Historically, the average for New Zealand from 1998 to 2017 is 4.49 percent. The minimum value, 1.11 percent, was reached in 2017 while the maximum of 7.86 percent was recorded in 1998.

This statistic displays the key interest rates in New Zealand as of August 2017, by type. The effective rural interest rate in New Zealand was around **** percent for the year ending August 2017. In the same period, the 2-year interest rate was around *** percent.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for New Zealand (IR3TIB01NZM156N) from Dec 1973 to Oct 2025 about New Zealand, interbank, 3-month, yield, interest rate, interest, and rate.

Bank deposit interest rate, percent in New Zealand, September, 2025 The most recent value is 3.78 percent as of September 2025, a decline compared to the previous value of 3.8 percent. Historically, the average for New Zealand from January 2000 to September 2025 is 4.59 percent. The minimum of 0.82 percent was recorded in January 2021, while the maximum of 8.45 percent was reached in June 2008. | TheGlobalEconomy.com

In June 2025, the value of mortgage lending to owner-occupier borrowers (excluding first-home buyers) in New Zealand amounted to around **** billion New Zealand dollars. Residential lending to investors was approximately *** billion New Zealand dollars in comparison. Housing affordability in New Zealand Many people across New Zealand have discarded the homeownership dream due to the country’s unaffordable housing supply. While average residential house prices fell across some of New Zealand’s regions in 2024, first-home buyers are still largely priced out of the market due to high mortgage repayments, interest rates, and average home deposit values. The monthly residential mortgage lending value to first-home buyers in New Zealand in December 2024 came to around *** billion New Zealand dollars, marking a slight rise from the previous month. The highest monthly value of mortgage lending to first-home buyers across the country was recorded in March 2021, during a year when average residential mortgage rates were at their lowest. Where are residential mortgage interest rates heading? According to a survey conducted in May 2023, rising interest rates were the leading property market concern among New Zealanders, with over 54 percent of respondents expressing their concern. New Zealand’s average new residential mortgage interest rates were at their lowest in 2021 but have inflated greatly over the past few years. In June 2021, the average 1-year fixed interest rate for a new standard residential mortgage in New Zealand was at **** percent, with this rate rising to over *** percent by December 2023. Nonetheless, mortgage rates showed signs of leveling out at the end of 2023, and began declining in 2024.

Key information about New Zealand Short Term Interest Rate

• New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 2.45 % pa in Nov 2025, compared with 2.52 % pa in the previous month.
• New Zealand Short Term Interest Rate data is updated monthly, available from Jan 1985 to Nov 2025.
• The data reached an all-time high of 27.40 % pa in Sep 1985 and a record low of 0.25 % pa in Nov 2020.
• Short Term Interest Rate is reported by reported by CEIC Data.

Bank Accepted Bills yields are 11.10 am market mid-rates.


Related information about New Zealand Short Term Interest Rate

• In the latest reports, New Zealand Government Bond Yield: 10 Years was reported at 4.36 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 2.25 % pa in Nov 2025.
• New Zealand Exchange Rate against USD averaged 1.73 (USD/NZD) in Oct 2025.

Actual value and historical data chart for New Zealand Lending Interest Rate Percent

Business credit interest rate, percent in New Zealand, September, 2025 The most recent value is 5.6 percent as of September 2025, a decline compared to the previous value of 5.75 percent. Historically, the average for New Zealand from January 2000 to September 2025 is 6.25 percent. The minimum of 3.14 percent was recorded in July 2021, while the maximum of 9.28 percent was reached in August 2008. | TheGlobalEconomy.com

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for New Zealand (IRSTCI01NZM156N) from Jan 1985 to Dec 2024 about New Zealand, interbank, overnight, interest rate, interest, and rate.

Long-term interest rate in New Zealand, September, 2025 The most recent value is 4.29 percent as of September 2025, a decline compared to the previous value of 4.41 percent. Historically, the average for New Zealand from January 1970 to September 2025 is 7.37 percent. The minimum of 0.54 percent was recorded in October 2020, while the maximum of 18.71 percent was reached in May 1985. | TheGlobalEconomy.com

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for New Zealand (IRSTCI01NZQ156N) from Q1 1985 to Q3 2025 about New Zealand, interbank, overnight, interest rate, interest, and rate.

Deposit Interest Rate in New Zealand decreased to 3.96 percent in October from 4.14 percent in September of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in New Zealand.

New Zealand RBNZ Forecast: Offical Cash Rate: 1 Year Ahead data was reported at 3.230 % pa in Mar 2025. This records a decrease from the previous number of 3.330 % pa for Dec 2024. New Zealand RBNZ Forecast: Offical Cash Rate: 1 Year Ahead data is updated quarterly, averaging 1.870 % pa from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 5.160 % pa in Sep 2023 and a record low of -0.160 % pa in Dec 2020. New Zealand RBNZ Forecast: Offical Cash Rate: 1 Year Ahead data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.M004: Cash Rate: Forecast: Reserve Bank of New Zealand.