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New Zealand's Total New Lending Declines Month-over-Month in July

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New Zealand's total new lending declined to NZ$15.05 billion in July from NZ$16.14 billion in June, according to data from the Reserve Bank of New Zealand released on Friday.

The total new lending was NZ$17.66 billion in July 2025.

New lending fully secured by residential mortgage fell to NZ$8.27 billion in July from NZ$8.32 billion in the previous month.

Personal consumer new lending inched down to NZ$235 million from NZ$236 million. New lending for business rose to NZ$4.44 billion from NZ$3.87 billion.

Lending for agricultural purposes plunged to NZ$1.5 billion from NZ$3.15 billion. Other new lending increased to NZ$612 million from NZ$570 million.

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