| Previous years: | Monthly: | ||||||
|---|---|---|---|---|---|---|---|
| Nov 2018 | Nov 2019 | Jul 2020 | Aug 2020 | Sep 2020 | Oct 2020 | Nov 2020 | |
| Broad money ($m) | |||||||
| Broad money (A+B) | 307,946 | 324,328 | 350,385 | 354,806 | 355,780 | 359,598 | 360,384 |
| A. Narrow money (M1) | 69,357 | 78,758 | 98,755 | 103,539 | 104,261 | 106,399 | 109,879 |
| A1. Currency held by the public | 5,903 | 6,464 | 7,188 | 7,253 | 7,354 | 7,467 | 7,407 |
| A2. Transaction deposits | 63,454 | 72,295 | 91,567 | 96,285 | 96,907 | 98,932 | 102,472 |
| B. Other components of broad money | 238,590 | 245,569 | 251,630 | 251,268 | 251,520 | 253,199 | 250,506 |
| B1. Savings deposits | 78,896 | 80,962 | 94,643 | 96,885 | 99,556 | 103,657 | 104,906 |
| B2. Term deposits | 159,694 | 164,607 | 156,987 | 154,383 | 151,963 | 149,542 | 145,600 |
| Domestic credit ($m) | |||||||
| Domestic credit (C+D) | 455,102 | 488,510 | 519,719 | 525,828 | 527,826 | 534,389 | 535,701 |
| C. Net credit to central government | 4,823 | 11,882 | 33,542 | 37,635 | 41,351 | 44,618 | 42,515 |
| C1. Credit to central government | 23,825 | 26,357 | 66,272 | 74,971 | 83,106 | 86,955 | 88,280 |
| C2. Less: Liabilities to central government | 19,001 | 14,476 | 32,730 | 37,337 | 41,755 | 42,337 | 45,766 |
| D. Private sector credit | 450,279 | 476,628 | 486,177 | 488,193 | 486,474 | 489,771 | 493,186 |
| D1. Loans | 438,022 | 462,957 | 469,015 | 471,476 | 469,864 | 472,056 | 475,480 |
| D2. Debt securities | 6,536 | 6,080 | 7,381 | 7,176 | 7,380 | 7,614 | 7,730 |
| D9. Other | 5,721 | 7,591 | 9,781 | 9,541 | 9,230 | 10,101 | 9,976 |
| Net credit to non-residents ($m) | |||||||
| Net credit to non-residents (E1-E2) | -78,940 | -92,145 | -88,981 | -90,666 | -94,335 | -95,685 | -96,927 |
| E1. Credit to non-residents | 68,856 | 70,842 | 79,627 | 75,176 | 65,773 | 63,669 | 67,379 |
| E2. Less: Liabilities to non-residents | 147,796 | 162,987 | 168,608 | 165,842 | 160,108 | 159,354 | 164,306 |
| Equity ($m) | |||||||
| Equity | -44,561 | -47,240 | -49,299 | -49,870 | -50,212 | -50,643 | -50,902 |
| Net other assets ($m) | |||||||
| Net other assets (F1-F2) | -23,654 | -24,798 | -31,054 | -30,485 | -27,499 | -28,463 | -27,486 |
| F1. Other assets | 10,617 | 11,441 | 13,074 | 17,882 | 11,706 | 16,538 | 13,790 |
| F2. Less: Other liabilities | 34,271 | 36,239 | 44,128 | 48,367 | 39,205 | 45,001 | 41,277 |
Components of broad money and the counterparts of broad money for Depository corporations.
Depository corporations comprise:
Data is sourced from the Reserve Bank Balance Sheet and the Reserve Bank’s Bank Balance Sheet Survey.
Most data starts in 31/12/2016 when the Bank Balance Sheet Survey replaced the Standard Statistical Return (SSR). However, some data has been backdated to provide long-run consistent data. The back series has been estimated using data from the SSR.
Data is published on the last working day of the month.
Data is released on the Reserve Bank’s Statistics section.
The Statistics Release Calendar provides a long-term plan of scheduled releases. It is updated and released on the first working day of the month.
View the Statistics Release Calendar
Data is collected under Section 36 of The Reserve Bank of New Zealand Act 1989 (The Act).
Read the Reserve Bank of New Zealand Act 1989.
The Reserve Bank of New Zealand publishes only aggregated data. Individual institutional data is confidential.
Provisional data are italicised. Data are deemed provisional when a series is under review. New data, or revised data, are in bold font. This applies to the summary table only and not excel files. Revisions are generally published when the table is next due to be updated and released. Should revisions need to be made more promptly, a special note is posted on the website. Any major changes in methodology will be posted as a special note.
The money and credit aggregates are compiled in line with the Monetary and Financial Statistics Manual and Compilation Guide (IMF 2016).
The Reserve Bank of New Zealand is New Zealand’s central bank.
Consolidated banking group of banks operating in New Zealand and registered by the Reserve Bank of New Zealand.
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value.
M1 is the narrowest money aggregate and comprises:
Currency issued by the Reserve Bank of New Zealand less any currency held by registered banks. Also known as notes and coins in the hands of the public.
Deposit balances where the purpose of the account is primarily for making transactions or "every day" banking by customers. Balances are on call.
Other components of broad money comprises:
Deposit balances where the purpose of the account is primarily for saving. For some balances disincentives may apply if used for transaction purposes i.e. a “penalty” may apply such as loss of bonus interest. Balances are on call.
Customer time or term deposits with a maturity of greater than 1 day.
Other components of broad money include:
Domestic credit comprises:
Net credit to central government is calculated as Credit to central government less Liabilities to central government.
Claims on central government by the Reserve Bank of New Zealand and registered banks including:
Liabilities to central government from the Reserve Bank of New Zealand and registered banks including:
Private sector credit (also known as claims on other sectors) comprises:
Loans and repos by the Reserve Bank of New Zealand and registered banks to the private sector:
Debt securities issued by the Reserve Bank of New Zealand and registered banks to the private sector:
Other claims (deposits, derivatives, equity, trade credit) by the Reserve Bank of New Zealand and registered banks on the private sector:
Net credit to non-resident is calculated as Credit to non-residents less Liabilities to non-residents.
Claims on non-residents by the Reserve Bank of New Zealand and registered banks including:
Liabilities to non-residents from the Reserve Bank of New Zealand and registered banks including:
Funds contributed by the owners, reserves and retained earnings of the Reserve Bank of New Zealand and registered banks.
Note that equity is negative as it is presented on the asset-side in the counterparts of broad money.
Net other assets is calculated as Other assets less Other liabilities.
All other assets not included elsewhere.
All other liabilities not included elsewhere.
| 0 | Zero or value rounded to zero |
| - | Not applicable |
| .. | Not available |
| bold | Revised/new |
| italics | Provisional |
| light red background | Historical |