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C10 Interest rates of New Zealand dollar funding and claims: Registered banks


(Weighted interest rate) 1 Funding 2 Spread Claims
Previous year:      
Sep 2007 7.04 1.75 8.79
Sep 2008 7.19 1.86 9.05
Monthly:      
Oct 2008 6.98 1.90 8.88
Nov 2008 6.54 2.11 8.66
Dec 2008 5.82 2.36 8.18
Jan 2009 5.19 2.53 7.73
Feb 2009 4.60 2.71 7.32
Mar 2009 4.11 2.85 6.96
Apr 2009 3.78 2.99 6.77
May 2009 3.63 2.99 6.62
Jun 2009 3.54 2.99 6.52
Jul 2009 3.52 2.91 6.43
Aug 2009 3.54 2.88 6.42
Sep 2009 3.54 2.84 6.39
       
For more information download the historical data above.
Last updated 29 October 2009
       
1 Weighted average funding and claims rates are based on New Zealand Dollar operations of registered banks only.
2 Figures exclude foreign currency funding, which accounts for approximately 30% of total registered bank funding
at December 2008. NZD funding costs also exclude the impact of hedging, for example interest rate swap costs
incurred against fixed rate claims.