Central Bank RatesNew Zealand policy rate in 2003 (3 changes)
Start of year5.75%
End of year5.00%Dec 31, 2003
Net change-75 bp0 hikes, 3 cuts
Average5.33%
Rank by level18 / 36
Changes in 2003
| Date | From | To | Change |
|---|---|---|---|
| Apr 24, 2003 | 5.75% | 5.50% | cut -25 bp |
| Jun 5, 2003 | 5.50% | 5.25% | cut -25 bp |
| Jul 24, 2003 | 5.25% | 5.00% | cut -25 bp |
Compared with other areas at the end of 2003
26%
21.25%
16.5%
16%
12.5%
9%
8%
7.25%
7%
6.75%
6.65%
6.12%
5.31%
5.25%
5.25%
5.2%
5.16%
5%
4.5%
3.75%
3.75%
3.25%
3.25%
2.75%
2.75%
2.5%
2.5%
2.25%
2.25%
2.15%
2%
2%
1.75%
1.25%
1%
0.375%
Year-end rate over time
2.75%
2.25%
4.25%
5.5%
4.25%
0.75%
0.25%
1%
1.75%
1.75%
1.75%
2.5%
3.5%
2.5%
2.5%
2.5%
3%
2.5%
5%
8.25%
7.25%
7.25%
6.5%
5%
5.75%
4.75%
6.5%
2003: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.