New Zealand - Business Lending Rate
New Zealand: Business Lending Rate
| Mnemonic | IRLENDB.INZL | |
|---|---|---|
| Unit | % p.a., NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | ||
| Data | Jan 2017 | 4.67 |
| Dec 2016 | 4.6 | |
Series Information
| Source | Reserve Bank of New Zealand |
| Release | Exchange and interest rates |
| Frequency | Monthly |
| Start Date | 6/30/1998 |
| End Date | 1/31/2017 |
New Zealand: Markets
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Lending Rate | 04 Jun 2026 | 2.25 | 2.25 | % p.a., NSA | Daily |
| Stock Market Index | 03 Jun 2026 | 13,115 | 13,170 | Index, NSA | Daily |
| Money Market Rate | May 2026 | 2.63 | 2.56 | % p.a., NSA | Monthly |
| Average Long-term Government Bond | 22 Aug 2025 | 4.4 | 4.35 | % p.a., NSA | Business Daily |
| Treasury Bills (over 31 days) | 21 Aug 2025 | 3.1 | 3.14 | % p.a., NSA | Business Daily |
| Business Lending Rate | Jan 2017 | 4.67 | 4.6 | % p.a., NSA | Monthly |
Release Information
For New Zealand, interest rates for business and household purposes offered by retail banks operating.
- Measurement: Percent per annum (% p.a.)
- Adjustment: Not seasonally adjusted (NSA)
- Native frequency: Monthly
- Start date: As early as 1964m2
Interest rates are weighted averages.
These retail banks are surveyed:
- ANZ National Bank Limited
- ASB Bank Limited
- Bank of New Zealand
- The Hong Kong and Shanghai Banking Corporation Limited (HSBC)
- Kiwibank Limited (Business base lending rate only)
- Westpac New Zealand Limited.
Definitions
- Business base lending rate (BBLR)
- The base interest rate for new overdraft loans for small-to-medium size non-farm enterprises (SMEs). The rate in table B3 is weighted by each surveyed institution’s share of the total value of overdraft lending subject to the business base rates offered. Minor overdraft product categories are not included in the weighting. The rate measures the set base rate component of the product offered to customers and does not include any margin component added to this rate, which is related mostly to individual borrowers’ credit risk.
- Call deposit rate
- The interest rate paid for a deposit of $10,000 placed at call, weighted by each surveyed institution’s total NZ dollar funding. From May 2009, the call deposit rate series has been discontinued.
- Floating first mortgage new customer housing rate
- The interest rate surveyed is the floating (not fixed for a specific term) first mortgage interest rate offered to new borrowers for residential property, weighted by each surveyed institution's total lending outstanding for housing purposes.
- Six-month term deposit rate
- Interest rate paid for a new six-month term deposit of $10,000, weighted by each surveyed institution’s total NZ dollar funding.
Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the website. Any major changes in methodology are posted on the website as a note.
- 28 Jun 2023, Phillip Thorne - Expanded.