Reserve Bank of New Zealand (RBNZ)
Hawkesby Speech: RBNZ Governor speaks on OCR outlook after the expected cut
Reserve Bank of New Zealand Governor Christian Hawkesby presents the prepared remarks on the policy statement and responds to media questions at the press conference after the November monetary policy announcement.
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Big Picture
What is the RBNZ
The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank. Its primary role is to “give people, communities and businesses the confidence to spend, borrow and save money” by maintaining a sound and efficient monetary and financial system. The RBNZ achieves this by managing inflation to keep prices stable, regulating banks and finance companies, producing New Zealand’s banknotes and coins and operating effective wholesale payment and settlement systems. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index (CPI), falls within the band of between 1% and 3% – and supporting maximum sustainable employment.
The official website, on X and YouTubeWho is the RBNZ Governor?
Anna Breman was appointed as Reserve Bank of New Zealand's Governor in December 2025 for a five-year term ending in November 2030. Breman had previously served as First Deputy Governor of the central bank of Sweden (Riksbank). She holds a PhD in Economics from the Stockholm School of Economics and has previously served as the group chief economist and global head of macro research at Swedbank. She has also worked at the Swedish Ministry of Finance and at the World Bank.
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The World Interest Rates Table
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.