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New Zealand Overnight Deposit Rate
The deposit rate for New Zealand is the rate the Reserve Bank of New Zealand pays on commercial bank reserves held at the central bank. It acts as the effective floor for overnight interbank rates in many monetary frameworks.
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Why Overnight Deposit Rate matters for NZD
In ECB and SNB frameworks, the deposit rate is the primary policy tool. Changes here directly affect the attractiveness of holding deposits in nzd, and therefore the currency's carry appeal versus peers.
How to interpret this series
A higher deposit rate increases the return on nzd-denominated assets and tends to support the nzd. Negative deposit rates (as seen in Europe and Japan) are a headwind for the domestic currency as they penalise cash holdings.
Historical Overnight Deposit Rate
Source: National Statistics Office. Cadence: Monthly. Unit: %. History from 2018-01-03 (8.5 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.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
How often is New Zealand Overnight Deposit Rate updated?
Overnight Deposit Rate 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 Overnight Deposit Rate reported in?
The series is published in %. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source New Zealand Overnight Deposit Rate 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 Overnight Deposit Rate for New Zealand via the API?
Issue a GET request to /api/v1/announcements/nzd/deposit_rates?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.