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Supporting information:

C10 Interest rates of New Zealand dollar funding and claims: Registered banks


                 
  Funding2     Spread   Claims
(Weighted interest rate) 1              
Previous Years:              
Oct 2007 7.13     1.72     8.85
Oct 2008 6.98     1.90     8.88
Monthly:              
Nov 2008 6.54     2.11     8.66
Dec 2008 5.82     2.36     8.18
Jan 2009 5.19     2.53     7.73
Feb 2009 4.60     2.71     7.32
Mar 2009 4.11     2.85     6.96
Apr 2009 3.78     2.99     6.77
May 2009 3.63     2.99     6.62
Jun 2009 3.54     2.99     6.52
Jul 2009 3.52     2.91     6.43
Aug 2009 3.53     2.88     6.40
Sep 2009 3.53     2.84     6.37
Oct 2009 3.53     2.72     6.25
                 
                 
1 Weighted average funding and claims rates are based on New Zealand Dollar operations of registered banks only.
2 Figures exclude foreign currency funding, which accounts for approximately 30% of total registered bank funding at December 2008. NZD funding costs also exclude the impact of hedging, for example interest rate swap costs incurred against fixed rate claims.
                 
For more information download the historical data above.
Last updated 27 November 2009