Policy rates: Japan vs New Zealand

Japan1.25%

New Zealand2.75%

Difference+150 bp

Widest gap+7.75%2007-07

JapanNew Zealand

Gap at year end

2026+1.5%

2025+1.5%

2024+4%

2023+5.6%

2022+4.35%

2021+0.85%

2020+0.35%

2019+1.1%

2018+1.85%

2017+1.85%

2016+1.85%

2015+2.45%

2014+3.45%

2013+2.45%

2012+2.45%

2011+2.45%

2010+2.95%

2009+2.4%

2008+4.9%

2007+7.75%

2006+7%

2005+7.1%

2004+6.35%

2003+4.85%

2002+5.6%

2001+4.6%

2000+6.25%

Daily policy-rate data compiled by the BIS. Not investment advice. Compared at month ends.