New Zealand Reserve Bank Cash Rate

By Margaret Wiegel • Published: 25 August 2023 • Updated: 10 May 2025

The official cash rate (OCR) is the interest rate set by the Monetary Policy Committee (MPC). It affects the price of borrowing and saving money in New Zealand and influences the level of economic activity and inflation. Published date: 28 February 2022 Monetary policy The OCR is the main monetary policy tool used by the Monetary Policy Committee.

5.50 – 5.50. 52 WEEK RANGE. 3.00 – 5.50. About Reserve Bank of New Zealand Official Cash Rate. A target interest rate set by the central bank in its efforts to.

8.250 %. 05-25-2023. In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more.

The RBNZ forecasts the official cash rate to peak at its current level of 5.5% but will need to remain at the restrictive level until at least the middle of 2024 to ensure.

A summary of the Monetary Policy Committee's decision from the meeting on 16 August 2023 (15 minutes to read). Monetary Policy Statement August 2023. Read.

The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 3.5 percent to 4.25 percent. Published date: 23 November 2022 The Committee agreed that the OCR needs to reach a higher level, and sooner than previously indicated, to ensure inflation returns to within its target range over the medium term.

Photo: RNZ. The Reserve Bank has left the official cash rate (OCR) unchanged at 5.5 percent, as expected. The central bank (RBNZ) reaffirmed its July.

Exchange and interest rates. Current and historical time series information on exchange and interest rates. Statistical series in this section include exchange rates and trade.

New Zealand's central bank on Wednesday raised its cash rate by 25 basis points to 0.75 per cent. The bank's second consecutive rate hike comes as it withdraws.

BENGALURU, May 19 (Reuters) - The Reserve Bank of New Zealand will hike interest rates by a final quarter point on Wednesday then end its most aggressive.

New Zealand's official cash rate has been lifted to 4.25%, the Reserve Bank announced on Wednesday afternoon. The new OCR is an increase of 75 basis points.

The Reserve Bank of New Zealand's (RBNZ) policy committee raised its official cash rate by 50 basis points to 3.5%, the fifth such outsized move and the eighth hike in.

The Reserve Bank (RBNZ) has raised the official cash rate (OCR) for the second time in two months to counter growing inflation pressures and signalled more.

The New Zealand dollar bounced off lows following the statement to trade up 0.2% at $0.5963, while New Zealand bank bill futures slipped as the market priced in.

The Reserve Bank’s higher-than-expected Official Cash Rate hike “will push New Zealand into recession”, an economist says. The bank today lifted the Official Cash Rate by 50 basis points to ...

In a warning signal for central banks around the world as they struggle to contain inflationary pressures, the Reserve Bank of New Zealand (RBNZ) raised the.

Economists say the Reserve Bank's (RBNZ) new forecasts show it may have to hike the official cash rate again in the future. After concluding its August meeting on.

New Zealand’s central bank kept interest rates unchanged for a second straight meeting but signaled a risk that it may need to hike them further to tame inflation..

The Reserve Bank has announced another hike of the official cash rate, raising it by half a percentage point to a six-year high of 2 percent as it ramps up the.

12 July 2023. The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50%. The level of interest rates are constraining spending.

The Reserve Bank of New Zealand (RBNZ) raised the official cash rate by 50 basis points to 2.5%, a level not seen since March 2016. Continued tightening at pace to.

A timeline of our past monetary policy and Official Cash Rate (OCR) announcements.

The Reserve Bank has left the official cash rate on hold at 5.5 per cent. ... The New Zealand dollar rallied slightly on the news, trading at US59.57c from US59.41c.

The Reserve Bank’s Monetary Policy Committee increased the Official Cash Rate to 2.5% from 2% Wednesday in Wellington, as expected by all 20 economists in a Bloomberg survey. Have a confidential ...

Cancel Video. The Reserve Bank has today left the official cash rate unchanged at 5.5 per cent and warned it will likely need to stay there for some time..