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Interest Spread (Difference Between Interest Rate on Loans and Deposits) in New Zealand

Source: OECD, Reserve Bank of New Zealand
Last Updated: May 1, 2021

Interest spread, which is the difference between interest rate on loans and deposits reached -3.26 % in 2018 in New Zealand, according to the National Central Bank. This is 323 % less than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in New Zealand reached an all time high of 2.62 % in 2009 and an all time low of -3.26 % in 2018. When compared to New Zealand's main peers, interest spread, which is the difference between interest rate on loans and deposits in Australia amounted to 3.28 %, 4.41 % in Indonesia, 1.78 % in Malaysia and 3.00 % in Philippines in 2018.

New Zealand has been ranked 93rd within the group of 93 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 38 places above the position seen 10 years ago.

Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial banks for demand, time, or savings deposits.

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