|Unit||% p.a., NSA|
|Adjustments||Not Seasonally Adjusted|
|Data||16 Nov 2018||1.9|
|15 Nov 2018||1.9|
|Average Long-term Government Bond||16 Nov 2018||2.73||2.77||% p.a., NSA||Business Daily|
|Lending Rate||16 Nov 2018||1.75||1.75||Percent, NSA||Daily|
|Treasury Bills (over 31 days)||16 Nov 2018||1.9||1.9||% p.a., NSA||Business Daily|
|Money Market Rate||15 Nov 2018||1.73||1.75||% p.a., NSA||Business Daily|
|Stock Market Index||15 Nov 2018||8,825||8,827||Index, NSA||Daily|
|Business Lending Rate||Jan 2017||4.67||4.6||% p.a., NSA||Monthly|
The amount of money quoted as a quarterly, semi-annual, or annual rate, paid by the borrower to the lender over a period of time. It is compensation to the lender for the immediate use of money to the borrower and for the inflationary erosion of its buying power over the life of a loan. Interest rates are reflective to the supply and demand in New Zealand markets.
Financial institutions trading financial instruments will normally quote both bid and offer rates for those financial instruments. The mid-rate is the rate in the middle of this range
There are not normally revisions. However if revisions are necessary, they would be in bold font when reported by the source.
For more information: http://www.rbnz.govt.nz/statistics/b2#backgroundnotes