|Unit||% p.a., NSA|
|Adjustments||Not Seasonally Adjusted|
|Lending Rate||24 Nov 2020||0.25||0.25||Percent, NSA||Daily|
|Average Long-term Government Bond||23 Nov 2020||0.8||0.81||% p.a., NSA||Business Daily|
|Treasury Bills (over 31 days)||23 Nov 2020||0.27||0.27||% p.a., NSA||Business Daily|
|Stock Market Index||20 Nov 2020||12,441||12,557||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|
Interest rates for business and household puproses offered by retail banks operating in New Zealand. Monthly from 1988.
Interest rates are weighted averages.
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.
These retail banks are surveyed:
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.