Interest Rates Nz Forecast 2024. The rbnz is forecast to cut the key rate to 3.25% in december 2023 and continue to gradually lower it to 2.25% in december 2024, according to nab’s forecast. Interest rate in new zealand averaged 6.70 percent from 1985 until 2024, reaching an all time high of 67.32 percent in march of 1985 and a record low of 0.25 percent in march of 2020.

Westpac expects the official cash rate to remain on hold at 5.5% when the reserve bank of new zealand meets in february and throughout 2024, with a “gradual easing” forecast to start in 2025. We’ve rounded up nz mortgage rates forecasts from economists & experts.