Reserve Bank of New Zealand (RBNZ)

RBNZ says it is appropriate to continue tightening monetary conditions


New Zealand: RBNZ could hike by 50 bps later this month – UOB

The RBNZ could raise the policy rate by 50 bps at next week’s meeting, commented Lee Sue Ann, Economist at UOB Group. “We had pencilled in another rate hike of 50bps only in Aug. But following the latest 1Q22 CPI data and RBNZ Governor Adrian Orr’s comments, we think that it is now likely that the RBNZ will hike by another 50bps at the May meeting, which will include a Monetary Policy Statement (MPS)," noted.

RBNZ Orr: ''It's business as usual'' on monetary policy

The RBNZ's governor Orr is crossing the wires and has stated that he doesn't see stagflation as a core risk. In other comments, he said ''it's business as usual'' on monetary policy and the central banks have ''no regrets on monetary policy,'' and that he is ''proud of where we are''.

RBNZ latest news

RBNZ latest analysis


RBNZ hikes as expected by 25bps, NZD/USD undecided

The RBNZ has hiked the OCR by 25bps and sees headline inflation above 5% in the near term with the projections showing the cash rate rising to 2% by end of 2022. The statement also said that it would be appropriate to continue reducing stimulus.


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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?

Adrian Orr is the Governor of the Reserve Bank of New Zealand. He was appointed in March 2018. He is New Zealand born and bred, and primarily of Cook Island and Irish descent. Adrian graduated from the University of Waikato in 1983 with a Bachelor of Social Sciences, majoring in Economics and Geography. He also holds a Master’s Degree in Development Economics (Distinction) from the University of Leicester, England, graduating in 1985. Adrian has also served as Chair of the International Forum of Sovereign Wealth Funds, and Chair of the Pacific Pension and Investment Institute.

Adrian 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.