RBNZ’s Silk: Interest rates are in 2.5%-3.5% neutral band
|In a Reuters interview on Friday, Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said that “interest rates are in 2.5%-3.5% neutral band.”
Reserve Bank of New Zealand (RBNZ)
RBNZ delivers on 25 bps interest rate cut amid economic uncertainty
RBNZ LAST MOVEMENTS ON INFLATION CONTROL
New Zealand: RBNZ slashes OCR by 25 bps – UOB Group
|As widely expected, the Reserve Bank of New Zealand (RBNZ) decided to lower the Official Cash Rate (OCR) for a sixth straight meeting by 25bps to 3.25%.
RBNZ’s Hawkesby sees near term growth headwinds
|Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby said on Thursday that he sees near-term growth headwinds.
RBNZ latest news
RBNZ latest analysis
May RBNZ DECISION
Hawkesby Speech: RBNZ acting Governor speaks on interest rate outlook at the press conference
Following its May policy meeting, the RBNZ delivered a 25 basis points (bps) cut to the Official Cash Rate (OCR) from 3.5% to 3.25%, as widely expected.
April RBNZ DECISION
RBNZ lowers interest rate by 25 bps to 3.5% as expected
|The Reserve Bank of New Zealand (RBNZ) announced on Wednesday that it cut the Official Cash Rate (OCR) by 25 basis points (bps) from 3.75% to 3.5% after concluding the April monetary policy meeting.
November RBNZ DECISION
Orr Speech: RBNZ Governor sheds light on policy outlook after 50 bps rate cut
The Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 50 basis points (bps) from 4.75% to 4.25%, following the conclusion of the November policy meeting on Wednesday.
October RBNZ DECISION
RBNZ slashes interest rate by 50 bps to 4.75%, as widely expected
|The Reserve Bank of New Zealand (RBNZ) announced on Wednesday that it lowered the Official Cash Rate (OCR) by 50 basis points (bps) from 5.25% to 4.75%, following the conclusion of the October policy meeting.
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 YouTube
Who is the RBNZ Governor?
Adrian Orr is the Governor of the Reserve Bank of New Zealand. He was appointed in March 2018 and was reappointed for a second five-year term effective from March 2023. He 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 from the University of Leicester, England. Orr 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.