Short-term interest rate (per cent) - New Zealand - OECD - Monthly
This series is part of the dataset: OECD interest rates
Download Full Dataset (.xlsx)Latest updates. In New Zealand, the short-term interest rate was 2.98 per cent in August 2026, compared to 2.85 in July 2026.
Sample. This monthly series has a total of 633 data points. The series covers the time span extending from December 1973 to August 2026.
History. Here are a few statistics computed on the whole sample: the interest rate had a mean of 8.05 per cent; it hit a maximum of 27.20 in September 1985; it reached its lowest level of 0.26 in May 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 2.68 |
| 2026-07-31 | 2.85 |
| 2026-08-31 | 2.98 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Short-term interest rate |
| Country | New Zealand |
| Economic concept | Interest rate |
| Data type | Annual interest rate |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Level |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | OECD |
| Source type | International organization |
| Data licence | Redistributable with citation |
| Other information | Short-term interest rates are the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market. |
| FSR temporal aggregation code | LM1 |
Series in the same data set
Discover the other time series included in this data set.