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RBNZ Interest Rate Decision

The Reserve Bank of New Zealand (RBNZ) holds monetary policy meetings seven times a year, announcing their decision on interest rates and the economic assessments that influenced their decision. The central bank offers clues on the economic outlook and future policy path, which are of high relevance for the NZD valuation. Positive economic developments and upbeat outlook could lead the RBNZ to tighten the policy by hiking interest rates, which tends to be NZD bullish. The policy announcements are usually followed by Governor Adrian Orr’s press conference.

Most recent - Wednesday 20 August 2025 02:00

Previous
3.25%
Forecast
3%
Actual
3%

Trading range

Forecast history

The most recent announced value for RBNZ Interest Rate Decision was 3% against a forecast of 3%.

Past events

Date
Forecast
Actual
Wednesday 20 August 2025 02:00
3%
3%
Wednesday 9 July 2025 02:00
3.25%
3.25%
Wednesday 28 May 2025 02:00
3.25%
3.25%
Wednesday 9 April 2025 02:00
3.5%
3.5%
Wednesday 19 February 2025 01:00
3.75%
3.75%
Wednesday 27 November 2024 01:00
4.25%
4.25%
Wednesday 9 October 2024 01:00
4.75%
4.75%
Wednesday 14 August 2024 02:00
5.5%
5.25%
Wednesday 10 July 2024 02:00
5.5%
5.5%
Wednesday 22 May 2024 02:00
5.5%
5.5%
Wednesday 10 April 2024 02:00
5.5%
5.5%
Wednesday 28 February 2024 01:00
5.5%
5.5%
Wednesday 29 November 2023 01:00
5.5%
5.5%
Wednesday 4 October 2023 01:00
5.5%
5.5%
Wednesday 16 August 2023 02:00
5.5%
5.5%
Wednesday 12 July 2023 02:00
5.5%
5.5%
Wednesday 24 May 2023 02:00
5.5%
5.5%
Wednesday 5 April 2023 02:00
5%
5.25%
Wednesday 22 February 2023 01:00
4.75%
4.75%
Wednesday 23 November 2022 01:00
4.25%
4.25%
Wednesday 5 October 2022 01:00
3.5%
3.5%

Economic context

Recent economic data has been moderately bullish for NZD. Other recent announcements which may affect the market's interpretation of the next RBNZ Interest Rate Decision result:

PreviousLatest
ExportsBullish change$6.53B$6.71B
ImportsBullish change$6.33B$7.28B
Trade Balance NZD (YoY)Bullish change$-4.38B$-3.94B
Producer Price Index - Output (QoQ)Bearish change2.1%0.6%
Business NZ PSIBullish change47.648.9
Business NZ PMIBullish change49.252.8

About RBNZ Interest Rate Decision

Country:New Zealand
Currency:NZD
Source:Reserve Bank of New Zealand
Category:Interest Rates
Frequency:Weekly/week-based

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