New Zealand Interest Rate
2.5%▲ +0.25 pt
Jul 2026 · Monthly
New Zealand's policy interest rate rose to 2.5% in July 2026 from 2.25% in the prior month. The rate remains well below the all-time high of 54.3% set in February 1985 and above the record low of 0.25% from September 2021. The series dates back to January 1985.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.5% | 2.3% | 54.3%Feb 1985 | 0.3%Sep 2021 | 1985 – 2026 | Monthly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Exchange Rate | 1.69 per USD | 1.73 per USD | 2.51 per USD | 0.68 per USD | Aug 2026 | Monthly |
| Inflation Rate | 2.8% | 2.9% | 17.2% | -0.1% | Dec 2025 | Annual |
About this series
Interest Rate in New Zealand averaged 5.0% from 1985 until 2026, reaching an all-time high of 54.3% in Feb 1985 and a record low of 0.3% in Sep 2021. The series is reported monthly with history from 1985.
The policy interest rate is the benchmark rate set by the central bank to influence monetary conditions. It is expressed as an annual percentage and reported monthly. The series covers the period from January 1985 to the present.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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