The benchmark interest rate in New Zealand was last recorded at 3.25 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 4.58 % pa in Feb 2025, compared with 4.55 % pa in the previous month.
• New Zealand Long Term Interest Rate data is updated monthly, available from Jan 1985 to Feb 2025.
• The data reached an all-time high of 18.90 % pa in Mar 1986 and a record low of 0.46 % 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 5.71 % 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 1.63 (USD/NZD) in Jun 2023.

Deposit Interest Rate in New Zealand decreased to 4.17 percent in June from 4.18 percent in May of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in New Zealand.

Driven by mortgage lending as their largest revenue stream, New Zealand’s banks maintain robust revenues despite cooling property prices. The RBNZ's rate hikes from 0.25% in 2020 to 4.25% in 2024 boosted mortgage interest income. While foreign investment and tight inventories keep real estate prices afloat, technology upgrades and regulations add cost pressures for major banks, squeezing profit margins. After slow revenue from 2020 to 2022 resulting from low interest rates and reduced mortgage revenue, banks found growth in 2023 and 2024, with heightened interest rates raising mortgage revenue. However, a drop-off is expected in 2025 as rate hikes make themselves felt, the actual volumes of mortgages lower and defaults rise with cost-of-living pressures. Overall, industry revenue has risen at an annualised 1.1% over the past five years and is expected to total $31.1 billion in 2024-25, when revenue will drop by an estimated 29.9%. Beyond mortgages, banks face challenges from shifting agricultural lending and evolving regulations like the Deposit Takers Act and the CoFI legislation. Dairy price volatility, land-use changes and more rigorous oversight have subdued traditional farm loan activity. In response, major banks – ANZ, ASB, BNZ and Westpac – are modernising their operations with machine learning, enhanced cybersecurity, fintech developments and updated banking apps. These initiatives aim to elevate customer engagement and ensure compliance but also increase costs and complexity. Looking ahead, heightened capital requirements will push large banks to raise equity, while open banking regulations spur data-sharing and fintech collaborations. Institutions are accelerating investments in cloud systems and analytics for greater efficiency and resilience. Simultaneously, sustainability commitments grow, driving innovative loan products and improving public trust. Although margins remain tight and interest-rate volatility persists, banks balancing prudent lending with technological and sustainable strategies are poised for a moderate recovery. Industry revenue is projected to climb at an annualised 2.5% through 2029-30, reaching $35.2 billion.

Inflation Rate in New Zealand increased to 2.70 percent in the second quarter of 2025 from 2.50 percent in the first quarter of 2025. This dataset provides - New Zealand Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interbank Rate in New Zealand remained unchanged at 3.26 percent on Monday July 21. This dataset provides - New Zealand Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The yield on New Zealand 10Y Bond Yield eased to 4.56% on July 22, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.04 points, though it remains 0.14 points higher 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 July of 2025.

The NZD/USD exchange rate rose to 0.6001 on July 23, 2025, up 0.06% from the previous session. Over the past month, the New Zealand Dollar has weakened 0.16%, but it's up by 1.28% over the last 12 months. New Zealand Dollar - values, historical data, forecasts and news - updated on July of 2025.