Reserve Bank of New Zealand (RBNZ)

Next Reserve Bank of New Zealand decision

RBNZ latest analysis

NZD breaks 71c - will stats come to the rescue?

NZD breaks 71c - will stats come to the rescue?

RBNZ latest news

RBNZ has a green light to be upbeat -TDS

February RBNZ meeting review

RBNZ keeps rate unchanged as expected at 1.75%

The Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate (OCR) unchanged at 1.75 percent. It also released the quarterly Monetary Policy Statement. The RBNZ maintained its forecast for rates to rise in Q2 2019. They see that numerous uncertainties remain in place. Regarding inflation, they see CPI reaching 2% during Q3 2020 (compared to Q2 2018 of the previous statement). Growth forecasts were revised slightly lower.

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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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