New Zealand Interest Rates

  • New Zealand

Interest Rates

Indicator    Date Change
Yield Curve 1m 2.66 Feb 15, 2013 +1.00 bps
2m 2.67 Feb 15, 2013 -- 
3m 2.67 Feb 15, 2013 -1.00 bps
1y 2.68 Apr 30, 2009 -28.00 bps
2y 2.76 Feb 15, 2013 +1.00 bps
5y 3.17 Feb 15, 2013 +1.00 bps
10y 3.86 Feb 15, 2013 +1.00 bps
Interbank Cash Rate 2.47 Feb 14, 2013 -3.00 bps
LIBOR Yield Curve o/n 2.59200 Feb 28, 2013 -- 
1w 2.61000 Feb 28, 2013 -- 
2w 2.64000 Feb 28, 2013 -- 
1m 2.66000 Feb 28, 2013 -- 
2m 2.73800 Feb 28, 2013 -- 
3m 2.83000 Feb 28, 2013 -- 
4m 2.88400 Feb 28, 2013 +0.20 bps
5m 2.96000 Feb 28, 2013 +0.20 bps
6m 3.02200 Feb 28, 2013 +0.40 bps
7m 3.07400 Feb 28, 2013 +0.60 bps
8m 3.12000 Feb 28, 2013 +0.40 bps
9m 3.14600 Feb 28, 2013 +0.40 bps
10m 3.17600 Feb 28, 2013 +0.40 bps
11m 3.24400 Feb 28, 2013 +0.40 bps
1y 3.33400 Feb 28, 2013 +0.40 bps
Official Cash Rate 2.50 Dec 10, 2015 -25.00 bps
The interest rate is the cost associated with borrowing money; that is, the price of credit. In a loan transaction, the lender gives up the immediate use of funds to the borrower. In return, the lender receives compensation (interest), in addition to the eventual full repayment of the loan amount. Interest is expressed as a percentage of the loan amount. Setting interest rates is the primary monetary policy tool available to central banks to manage open market economies.