Reserve Bank of New Zealand (RBNZ)


Reserve Bank of New Zealand Decision

RBNZ latest news

RBNZ latest analysis


February RBNZ decision

RBNZ leaves OCR at 1.75% - Westpac

The projected OCR track was around 20 basis points lower, with the RBNZ noting that it expects to keep the OCR at its current level over the next two years. The comment that “the next OCR move could be up or down” was returned to the statement, having been removed from the November statement after a run of strong data.

RBNZ keeps rates on-hold, no signals on its next moves

The Reserve Bank of New Zealand (RBNZ) matched broad consensus by leaving the official cash rate (OCR) unchanged at 1.75%. The New Zealand central bank expects to keep the OCR at this level through 2019 and 2020 with no strong signals on its next moves.


November RBNZ decision

RBNZ Orr says that they will not rule out a rate cut (NZD/USD jittery)

The RBNZ interest rate decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and raises the interest rates it is positive, or bullish, for the NZD. The RBNZ rate statement contains the explanations of their decision on interest rates and commentary about the economic conditions that influenced their decision.

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Big picture

What is the RBNZ

The Reserve Bank of New Zealand is New Zealand's central bank. Like most central banks, the Reserve Bank is primarily a policy organisation, and exists to do three main things: formulate and implement monetary policy to maintain price stability, promote the maintenance of a sound and efficient financial system and meet the currency needs of the public.

The official website, on Twitter and YouTube

Who is RBNZ's president?

Grant Spencer is Acting Governor for the Bank. His tenure in leading the Bank became effective on 27 September 2017 and will end on 26 March 2018. His tenure covers the post-election period while the next Government makes a permanent appointment. Previously Grant held the position of Deputy Governor and Head of Financial Stability from April 2007 until September 2017. Grant's previous positions include: Assistant Governor and Head of Economics at the Reserve Bank; senior treasury and strategy positions at ANZ Banking Group; and Alternate Executive Director at the International Monetary Fund. He currently serves as chair of the OECD's Committee on Financial Markets.

The official RBNZ profile



Interest rates latest news

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.


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