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New Zealand Term Deposits
Term deposits for New Zealand are fixed-duration bank deposits that earn a specified interest rate. They are typically included in M2 or M3 as a less liquid component of the broad money supply.
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Why Term Deposits matters for NZD
Rising term deposit rates attract savers to lock in funds, reducing spending and reflecting tight monetary conditions. The stock of term deposits signals the pace of financial intermediation in the New Zealand banking system.
How to interpret this series
Growth in term deposits during a rate-hiking cycle is normal and confirms the monetary transmission mechanism is working. Declining term deposits may signal disintermediation or that interest rates are at their peak.
Historical Term Deposits
Source: National Statistics Office. Cadence: Monthly. Unit: NZD mn. History from 2016-12-31 (9.5 years).
Recent announcements
Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.
Related New Zealand indicators
Move to adjacent releases in the same macro category.
Broad Money (M3)
M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).
Currency in Circulation
Currency held by the public. M1 sub-component A1.
M2 Money Supply
M1 + savings deposits (on-call). RBNZ derived: column A + B1.
Narrow Money (M1)
Currency in circulation + transaction deposits. RBNZ column A.
Savings Deposits
On-call savings deposits. M2 incremental component B1.
Total Domestic Credit
Net credit to central government + private sector credit. RBNZ column C+D.
Transaction Deposits
Demand deposits. M1 sub-component A2.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
How often is New Zealand Term Deposits updated?
Term Deposits for New Zealand is released on a monthly schedule by Reserve Bank of New Zealand (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is Term Deposits reported in?
The series is published in NZD mn. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source New Zealand Term Deposits data?
Data is fetched directly from Reserve Bank of New Zealand or the official national statistics publication for New Zealand. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query Term Deposits for New Zealand via the API?
Issue a GET request to /api/v1/announcements/nzd/money_supply_term_deposits?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.