Dyane Grethel

Nz Anz Interest Rates 2024 For. The benchmark interest rate in new zealand was last recorded at 5.25 percent. Interest rate in new zealand averaged 6.70 percent from 1985 until 2024, reaching an all time.

Households and business will be paying high interest rates for longer, as a result of the ocr remaining unchanged, anz bank chief economist sharon zollner says. The country’s biggest bank has changed its official cash rate forecast, now expecting the first cut to land in february, rather than may 2025.