Supporting information:
Basic information: Interest rates on lending and deposits (Table B3)
The Data: Coverage, Periodicity, and Timeliness |
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Coverage characteristics |
Data are interest rates. These are as at the last business day of the month and are released on the website on or around four working days following the reference period. The survey consists primarily of major retail banks. Data series published, (the longest running series beginning 1964) include weighted interest rates for: Floating first mortgage new customer housing rate Call deposit rate (discontinued as of June 2009) |
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Periodicity |
Monthly |
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Timeliness |
On or around four working days after the end of the reference period. |
Access by the public |
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Advance release calendar |
The “Advance Release Calendar” is updated and released each Friday on the website. This is a long-term plan of scheduled releases. |
Integrity |
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Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses |
Data are collected under Section 36 of The Reserve Bank of New Zealand Act 1989. The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data remains confidential. |
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Provision of information about revisions and advance notice of major changes in methodology |
Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a note is posted on the Internet website under “Revisions to Tables”. Any major changes in methodology are posted on the website as a note. |
Quality |
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Dissemination of documentation on methodology and sources used in preparing statistics |
A list of respondents completing this survey is available below. |
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Dissemination of statistics that support statistical cross-check and provide assurance of reasonableness |
Most financial institutions either publicly display rates or make rates available upon request. National press regularly publish tables containing selected interest rates. |
Additional notes
All interest rates should be treated as indicative only.
Discontinued data for the Call deposit rate and Base lending rate are available here.
The following registered banks are surveyed:
ANZ National Bank Limited
ASB Bank Limited
Bank of New Zealand
The
Hong Kong and Shanghai Banking Corporation Limited
Kiwibank Limited (Business base lending rate only)
Westpac New Zealand
Limited.