New Zealand Lending Rate
Lending interest rate FR.INR.LEND
New Zealand's lending rate was 4.76% in 2017, ranked 20th globally. This represents a 5.2% decrease from 2016. Data from World Bank, covering 1998–2017.
Overview
New Zealand's lending rate stood at 4.76% in 2017, a decline of +0.26pp from 2016. New Zealand ranked 20th globally.
New Zealand’s lending rate fell from an all‑time peak of 8.99 % in 1998 to a trough of 4.76 % in 2017, placing the country 20th globally in that year. The 4.76 % figure, recorded in 2017, is marginally higher than the rates observed in peer economies such as Qatar (4.70 %) and Kuwait (4.69 %). Over the 20‑year coverage period, the sustained decline reflects the broader post‑global‑financial‑crisis environment of low‑interest rates and monetary easing that characterised many advanced economies. The convergence toward lower borrowing costs has supported household consumption and corporate investment, albeit with a narrower margin for monetary policy to stimulate further growth. Future movements will likely hinge on the Reserve Bank of New Zealand’s response to inflation dynamics and global interest‑rate trends, which could either reinforce the downward trajectory or prompt a modest upward adjustment.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2017 | 4.76% | −0.26pp | #20 |
| 2016 | 5.02% | −0.74pp | #21 |
| 2015 | 5.76% | −0.04pp | #36 |
| 2014 | 5.80% | +0.27pp | #34 |
| 2013 | 5.53% | −0.29pp | #32 |
| 2012 | 5.82% | −0.28pp | #30 |
| 2011 | 6.11% | −0.15pp | #31 |
| 2010 | 6.26% | −0.40pp | #33 |
| 2009 | 6.66% | −2.28pp | #32 |
| 2008 | 8.94% | +0.33pp | #45 |
| 2007 | 8.61% | +0.42pp | #40 |
| 2006 | 8.19% | +0.43pp | #42 |
| 2005 | 7.76% | +0.66pp | #32 |
| 2004 | 7.10% | +0.11pp | #25 |
| 2003 | 7.00% | −0.18pp | #22 |
Analysis
New Zealand's lending rate was 4.76% in 2017, a decline of −0.26pp from 2016.
Frequently Asked Questions
New Zealand's lending rate was 4.76% in 2017. Ranked 20th globally. This represents a 5.2% decrease from the previous year.
New Zealand's lending rate peaked at 8.99% in 1998.
The lowest lending rate in New Zealand was 4.76% in 2017.
New Zealand ranks 20th globally in lending rate as of 2017.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
The lending rate of New Zealand in 2017 was 4.76%. This ranks 20th in the world.
Cite this page
@misc{historysaid_new-zealand_lending-rate,
title = {New Zealand Lending Rate},
url = {https://historysaid.com/new-zealand/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}