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New Zealand Transaction Deposits
Transaction deposits for New Zealand are demand deposits and other accounts used for day-to-day payments. They form the most active component of M1 and reflect spending velocity in the economy.
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Why Transaction Deposits matters for NZD
High transaction deposit growth signals strong spending activity and high monetary velocity, which can be inflationary. Declining transaction deposits may reflect a broad slowdown in economic activity.
How to interpret this series
Rising transaction deposits above the trend growth of nominal GDP may signal excess liquidity and potential inflationary pressure. A sharp decline may precede slower consumption growth.
Historical Transaction 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.
Term Deposits
Fixed-term deposits. M3 incremental component B2.
Total Domestic Credit
Net credit to central government + private sector credit. RBNZ column C+D.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
How often is New Zealand Transaction Deposits updated?
Transaction 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 Transaction 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 Transaction 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 Transaction Deposits for New Zealand via the API?
Issue a GET request to /api/v1/announcements/nzd/money_supply_transaction_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.