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.

Bank Lending Rate in New Zealand decreased to 9.87 percent in October from 10.18 percent in September of 2025. This dataset provides - New Zealand Base Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Non-banks and other financial institutions' assets have grown relatively steadily over the past few years, but revenue has fluctuated considerably. Despite the Reserve Bank of New Zealand (RBNZ), or Te Putea Matua, easing loan-to-value ratio (LVR) lending restrictions from June 2023, major banks still grappled with high LVR lending restrictions and tight lending standards. For this reason, households are turning to non-bank lenders for finance. Previously, official cash rates (OCR) were kept low, which curbed non-banks' expansion. Yet, to combat inflation, the RBNZ raised the OCR to a rate not seen since October 2008. Consequently, non-bank lenders were able to expand their loan portfolios by increasing their interest expenses and capitalising on higher net interest margins. Revenue is expected to rise at an annualised 14.8% to $1.76 billion over the five years through 2025-26. As interest rates have started to drop since August 2024, non-bank lenders have faced renewed pressure on their profit margins, as lower rates tend to compress the spread between lending and funding costs. For this reason, revenue is expected to drop by 1.8% in 2025-26. Additional competition in the industry, brought on by the arrival of fintech powerhouses like Revolut, has constrained profit margins. Larger non-banks and financiers have used acquisitions as a means to grow their market shares. For example, UDC Finance agreed to purchase the Bank of Queensland's New Zealand assets and loan book in February 2024, and MTF acquired Lending People in January 2023. As interest rates drop, technology will become increasingly vital in maintaining non-bank financial institutions' profitability and competitive edge. Integrating advanced technologies can streamline services, enhance efficiency, increase scalability and improve the precision of financial procedures, proving essential in preserving robust profit margins. Heightened regulatory capital requirements, which are set to continue, will impact registered banks and will provide non-bank lenders with more opportunities to garner a larger slice of the mortgage market. Overall, revenue is forecast to rise at an annualised 2.8% over the five years through 2030-31 to $2.02 billion.

The Concreting, Bricklaying and Roofing Services industry generates most revenue from providing specialist trade services in the housing and non-residential building markets. The fortunes of most domestic roof tiling and bricklaying contractors are tied to trends in the residential building market, particularly in the construction of new single-unit houses. In contrast, demand for concreting and steel erection services has largely come from solid investment in non-residential building and infrastructure projects. Residential building activity peaked in 2021-22 under low mortgage interest rates and favourable bank lending practices. The boost in household discretionary incomes during the COVID-19 pandemic also supported spending on home renovations and repairs. Still, supply chain disruptions proved an obstacle to the industry's performance in most markets. Higher mortgage interest rates during 2022-23 and 2023-24 in response to the RBNZ raising monetary settings choked off new housing investment, while the drop in household incomes and weaker house prices dampened spending on home improvements. Demand for roofing, bricklaying and concreting services from the residential building market is expected to improve during 2025-26 in response to some interest rate relief and easing inflation pressures. Accelerating growth in the non-residential building market and work on large-scale infrastructure projects, like Auckland's City Rail Link, has generated solid demand for specialist steel erection and complex concreting work on high-rise buildings or transport infrastructure like roads, bridges and tunnels. Over the five years through 2025-26, industry revenue is expected to edge upwards at an annualised 0.5% to $3.9 billion, including modest growth of 0.3% anticipated in the current year. Still, the magnitude of the housing slump and escalating input prices resulting from supply chain disruptions have driven down the industry's profit performance. Going forwards, a minor decline in residential building construction activity will continue eroding the bricklaying and domestic roof installation services market, constraining the industry's performance. Still, a moderate improvement in household discretionary income will support spending on home improvements, including roofing repairs and resealing. Continued expansion in the non-residential building and infrastructure markets will drive activity for commercial concreting, long-form metal roofing and steel erection services. Over the five years through 2030-31, industry revenue is forecast to climb at an annualised 1.0% to total $4.1 billion. Buoyant conditions in the non-housing construction markets will support some widening in profit margins and industry participation growth.