The benchmark interest rate in New Zealand was last recorded at 2.50 percent. This dataset provides - New Zealand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of December 2024, the average interest rate for a new standard 1-year residential mortgage in New Zealand was *** percent. In comparison, the average 5-year interest rate for a residential mortgage was **** percent. Average interest rates for new standard residential mortgages in the country started to trend upward from mid-2021. Rates peaked toward the end of 2023 and have begun trending downward.

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.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for New Zealand (IRLTLT01NZA156N) from 1970 to 2024 about New Zealand, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

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 5.71 % pa in Jun 2023, compared with 5.69 % pa in the previous month.
• New Zealand Short Term Interest Rate data is updated monthly, available from Jan 1985 to Jun 2023.
• 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 4.67 % pa in Jun 2023.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.50 % pa in Jun 2023.
• New Zealand Exchange Rate against USD averaged 1.61 (USD/NZD) in May 2023.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for New Zealand (IRLTLT01NZQ156N) from Q1 1970 to Q3 2025 about New Zealand, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

Deposit Interest Rate in New Zealand decreased to 4.14 percent in September from 4.15 percent in August of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in New Zealand.

Key information about New Zealand Policy Rate

• New Zealand cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.50 % pa in May 2023, compared with 5.25 % pa in the previous Apr 2023.
• New Zealand Policy Rate averaged 3.00 % pa and is updated monthly, available from Mar 1999 to May 2023.
• The data reached an all-time high of 8.25 % pa in Jun 2008 and a record low of 0.25 % pa in Sep 2021.

The Official Cash Rate ws introduced in March 1999 and is reviewed eight times a year by the Reserve Bank of New Zealand.


Related information about New Zealand Policy Rate

• In the latest reports, New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 5.69 % pa in May 2023.
• Its Long Term Interest Rate (Government Bond Yield: 10 Years) was reported at 4.27 % pa in May 2023.
• New Zealand Exchange Rate against USD averaged 1.61 (USD/NZD) in May 2023.
• Its Real Effective Exchange Rate was 95.34 in Apr 2023.

The yield on New Zealand 10Y Bond Yield eased to 3.97% on October 17, 2025, marking a 0.04 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.26 points and is 0.47 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. New Zealand 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on October of 2025.

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.

Interbank Rate in New Zealand decreased to 2.54 percent on Thursday October 16 from 2.55 in the previous day. This dataset provides - New Zealand Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about New Zealand Exchange Rate against USD

• New Zealand Exchange Rate against USD averaged 1.609 (USD/NZD) in May 2023, compared with 1.610 USD/NZD in the previous month.
• New Zealand Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 2.506 in Nov 2000 and a record low of 0.673 in Oct 1973.

CEIC extends history for monthly average Exchange Rate against USD. Federal Reserve Board provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1971 is sourced from the International Monetary Fund.


Key information about New Zealand Exchange Rate against USD

• In the latest reports, New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 5.690 % pa in May 2023.
• Its Long Term Interest Rate (Government Bond Yield: 10 Years) was reported at 4.270 % pa in May 2023.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.500 % pa in May 2023.

The benchmark interest rate in Australia was last recorded at 3.60 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Real Estate Services industry has faced mixed conditions over recent years. Despite the recent improvement in housing supply and the piling up of inventory, prices remain elevated relative to pre-pandemic levels, offsetting revenue declines for real estate agents. A demand-supply imbalance led to historically high housing prices in 2021-22, though tighter loan-to-value ratio (LVR) regulations and heightened interest rates curbed real estate activity and weakened prices over the two years through 2023-24. The bright-line test extension in 2021 cooled speculative investment, diminishing property investors' interest. Residential property transactions plunged in 2022-23 as cost-of-living pressures and soaring borrowing expenses weighed on mortgage affordability. As inflation moderates and the official cash rate has come down since August 2024, sales volumes and demand will pick up. That's why revenue is forecast to climb 2.8% in 2024-25. However, a plunge in property transactions is why revenue is expected to have dipped at an annualised 0.4% over the five years through 2024-25 to $6.2 billion. The commercial market has faced shifting tenant preferences, particularly around remote work arrangements, contributing to elevated office vacancy rates. Nonetheless, booming demand for industrial space and interest in green buildings has yielded new opportunities. Concurrently, the widespread adoption of artificial intelligence has boosted operational efficiency for many real estate agencies, underpinning growth in their profit margins and alleviating some wage pressures. The Coalition government’s reinstatement of 80% interest deductibility for residential investment properties in April 2024, with a plan to reach 100% by April 2025, alongside the rollback of the bright-line test from 10 to 2 years, will spur investor activity and escalate property prices. These policy changes will entice property investors, expanding this market's revenue share over the coming years and benefiting real estate agencies. Consecutive cuts to the official cash rate to counter subdued economic activity will strengthen mortgage affordability and promote a resurgence in the residential property market. However, an expanding housing supply – aided by funding for social housing units and relaxed planning restrictions – will temper price escalation and slow agencies' commission growth over the coming years. Rising competition among real estate agencies and the continued adoption of digital tools, from big data analytics to advanced customer management solutions, will intensify market dynamics, creating opportunities and challenges for prospective and existing agents. Overall, revenue is forecast to climb at an annualised 2.2% over the five years through 2029-30 to $6.9 billion.

Graph and download economic data for 10-Month London Interbank Offered Rate (LIBOR), based on New Zealand Dollar (DISCONTINUED) (NZD10MD156N) from 2003-06-16 to 2013-02-28 about 10-month, New Zealand, libor, interest rate, interest, and rate.

企业前景调查：农业：利率在10-01-2018达38.100NA，相较于09-01-2018的22.200NA有所增长。企业前景调查：农业：利率数据按月更新，02-01-1993至10-01-2018期间平均值为21.900NA，共284份观测结果。该数据的历史最高值出现于05-01-2014，达91.900NA，而历史最低值则出现于12-01-2008，为-87.300NA。CEIC提供的企业前景调查：农业：利率数据处于定期更新的状态，数据来源于ANZ Bank New Zealand，数据归类于Global Database的新西兰 – 表 NZ.S015：企业前景调查：按行业分类。

The Electrical Services industry is integral to New Zealand's economy. While construction trends are the principal drivers of electrical installation activity, technological advancements have driven opportunities for contractors to open new markets and expand into specialised services. The non-residential building and infrastructure construction markets have provided the primary stimulus for industry expansion through 2025-26, generating opportunities for specialist electrical contractors and multi-disciplined companies, like McKay Electricals, NME Group, Aotea Group and Dalton Electricals. These businesses have the technical capacity and scale to win the lion's share of large-scale, complex commercial and industrial projects, like high-rise office developments and rail tunnel electrification. In contrast, demand conditions have waned for electrical services in the residential building and home improvement markets in recent years, corresponding with a hike in mortgage interest rates. Many of the industry's small-scale local electricians have scrambled to secure work in the sluggish household market, which has heightened price competition on non-essential electrical work. Buoyant conditions in the non-residential building, infrastructure and industrial markets are expected to lift industry revenue at an annualised 2.9% over the five years through 2025-26 to reach $5.6 billion. This trend includes a minor contraction of 0.4% anticipated in the current year as adverse trends prevail in the housing market. Buoyant demand for electrical services has underpinned widening profit margins through 2025-26, despite higher input prices. Solid population growth and some easing in mortgage interest rates will pave the way for moderate growth in domestic electrical installation and wiring services in the residential building market through 2030-31. Still, the focus will shift towards higher density apartment and townhouse construction markets, requiring commercial-grade services, like heavy-duty wiring, power control systems and multi-unit metering devices. Smaller local electricians will benefit from solid demand for home improvements and emergency repairs. Favourable trends in the general economy and growth in capital expenditure on machinery and equipment will underpin moderate growth in the non-residential building and industrial markets. Consequently, industry revenue is forecast to climb at an annualised 1.7% over the next five years to $6.1 billion in 2030-31, helping to lift industry profitability and participation.

This dataset provides values for 30 YEAR BOND YIELD reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.