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C12 Credit card statistics: balances outstanding and interest rates


                           
Total advances outstanding   Simple average standard card interest rate   Weighted average interest rate effective on all personal advances
  ($m)   (Y/Y% s.a.)   (M/M% s.a.)     (%)     (%) 1
Previous Years:                        
Dec 2009 5,429   -0.2   0.1     18.5     12.6  
Dec 2010 5,586   3.2   -0.2     18.8     12.4  
Monthly:                        
Jan 2011 5,425   2.9   0.2     18.8     12.4  
Feb 2011 5,472   3.4   0.6     18.8     12.6  
Mar 2011 5,386   1.8   -0.8     18.8     12.2  
Apr 2011 5,451   2.0   0.6     18.8     12.2  
May 2011 5,432   2.8   0.5     18.8     12.1  
Jun 2011 5,426   2.0   0.5     19.4     12.1  
Jul 2011 5,412   2.4   0.0     19.4     12.1  
Aug 2011 5,441   2.2   0.0     19.4     12.1  
Sep 2011 5,424   1.4   -0.1     19.4     12.1  
Oct 2011 5,464   1.9   0.4     19.6     11.9  
Nov 2011 5,623   2.7   0.9     19.6     12.0  
Dec 2011 5,737   2.8   0.0     19.6     ..  
                           
                           
1 This rate takes into account both the interest-bearing and non-interest bearing parts of credit advanced.
                           
Last updated 25 January 2012
Source: Reserve Bank of New Zealand