|Unit||% p.a., NSA|
|Adjustments||Not Seasonally Adjusted|
|Data||20 Sep 2019||1.18|
|19 Sep 2019||1.19|
|Average Long-term Government Bond||20 Sep 2019||1.16||1.18||% p.a., NSA||Business Daily|
|Lending Rate||20 Sep 2019||1||1||Percent, NSA||Daily|
|Treasury Bills (over 31 days)||20 Sep 2019||1.18||1.19||% p.a., NSA||Business Daily|
|Stock Market Index||19 Sep 2019||10,801||10,774||Index, NSA||Daily|
|Money Market Rate||03 Jan 2019||1.69||% p.a., NSA||Business 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