As of December 2024, the average interest rate for a new standard 1-year residential mortgage in New Zealand was 6.3 percent. In comparison, the average 5-year interest rate for a residential mortgage was 6.15 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.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Bank Bills: Total for New Zealand (IR3TBB01NZM156N) from Dec 1973 to Dec 2023 about New Zealand, bills, 3-month, yield, interest rate, banks, interest, depository institutions, and rate.

In 2018, the real interest rate in New Zealand decreased by 2.8 percentage points (-254.55 percent) compared to 2017. Therefore, 2018 marks the lowest real interest rate during the observed period. Real interest rate is the adjusted lending interest rate to remove the effects of inflation, as measured by the GDP deflator (implicit price deflator).Find more statistics on other topics about New Zealand with key insights such as market capitalization of listed domestic companies.

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 Feb 2025 about New Zealand, interbank, 3-month, yield, interest rate, interest, and rate.

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 5.12 percent for the year ending August 2017. In the same period, the 2-year interest rate was around 1.8 percent.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for New Zealand (IRLTLT01NZM156N) from Jan 1970 to Feb 2025 about New Zealand, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for New Zealand (IRSTCI01NZA156N) from 1985 to 2024 about New Zealand, interbank, overnight, interest rate, interest, and rate.

Mortgage Interest Rate: Flexible data was reported at 7.000 % pa in 26 Mar 2025. This stayed constant from the previous number of 7.000 % pa for 25 Mar 2025. Mortgage Interest Rate: Flexible data is updated daily, averaging 8.750 % pa from Feb 2023 (Median) to 26 Mar 2025, with 784 observations. The data reached an all-time high of 8.750 % pa in 31 Jul 2024 and a record low of 7.000 % pa in 26 Mar 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.DL001: Mortgage Interest Rate.

Deposit Interest Rate in New Zealand decreased to 4.31 percent in February from 4.33 percent in January of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in New Zealand.

A taxa de juros de referência na Nova Zelândia foi registrada pela última vez em 3,75 por cento. Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Nova Zelândia - Taxa De Juro.

Since March 1999, the Reserve Bank has used the Official Cash Rate (OCR) as its tool for controlling inflation. By setting the OCR, the Reserve Bank is able to influence short-term interest rates such as the 90-day bank bill rate, as well as long-term interest rates and the foreign exchange rate. Data on the OCR and 90-day bank bill rate is available from 1990.

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.

• 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.

Among the reported Asia-Pacific countries, South Korea had the lowest mortgage interest rate of 4.16 percent as of December 2023. New Zealand and Australia had the next lowest mortgage interest rates, at 7.59 and 7.81 percent, respectively, as of January 2024.

Interbank Rate in New Zealand remained unchanged at 3.63 percent on Tuesday March 25. This dataset provides - New Zealand Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, the interest margin of registered banks in New Zealand was 2.1 percent, a slight increase from the previous year. The Reserve Bank of New Zealand registers foreign and domestic banks that operate in New Zealand. As of September 2023, there were 27 registered banks in the country.

New Zealand Business Outlook Survey: All Industries: Interest Rates data was reported at 27.700 NA in Oct 2018. This records an increase from the previous number of 17.200 NA for Sep 2018. New Zealand Business Outlook Survey: All Industries: Interest Rates data is updated monthly, averaging 23.100 NA from Feb 1993 (Median) to Oct 2018, with 284 observations. The data reached an all-time high of 90.200 NA in Feb 2014 and a record low of -82.000 NA in Dec 2008. New Zealand Business Outlook Survey: All Industries: Interest Rates data remains active status in CEIC and is reported by ANZ Bank New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.S013: Business Outlook Survey.

New Zealand Credit Cards: Personal Cards: Advances Outstanding: Non Interest Bearing data was reported at 2,541.000 NZD mn in May 2018. This records a decrease from the previous number of 2,552.000 NZD mn for Apr 2018. New Zealand Credit Cards: Personal Cards: Advances Outstanding: Non Interest Bearing data is updated monthly, averaging 1,520.000 NZD mn from Jul 2000 (Median) to May 2018, with 215 observations. The data reached an all-time high of 2,684.000 NZD mn in Dec 2017 and a record low of 663.000 NZD mn in Jan 2001. New Zealand Credit Cards: Personal Cards: Advances Outstanding: Non Interest Bearing 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.KA013: Credit Card Statistics.

New Zealand 10Y Bond Yield was 4.69 percent on Thursday March 27, 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 March of 2025.

The mortgage lending value to investors for residential property in New Zealand amounted to around 1.69 billion New Zealand dollars in December 2024. Property investment tended to fluctuate within the given period, reaching the highest lending value of around 2.4 billion New Zealand dollars in December 2020.

According to a survey conducted among mortgage holders in New Zealand in July 2024, around 59 percent of mortgage holders had mortgage repayments greater than 30 percent of their household income. Borrowers with mortgage repayments that are 30 percent or greater than household income are considered at risk of mortgage repayment stress. Nonetheless, some borrowers may actively choose to pay a certain proportion of their income toward their mortgage to pay off loans faster.