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 2.68 per cent in June 2026, versus 2.63 in May 2026.
Sample. The monthly series plotted above has 631 observations. The series covers the time period extending from December 1973 to June 2026.
History. Here's a glimpse of some summary statistics calculated on the full sample: the interest rate averaged 8.06 per cent; it reached a maximum of 27.20 in September 1985; it hit a minimum of 0.26 in May 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 2.56 |
| 2026-05-31 | 2.63 |
| 2026-06-30 | 2.68 |
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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.