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New Zealand Interest Rate

Last Release
Aug 2019
Actual
1 %
Forecast
1 %
Previous
1.5 %
Frequency
Daily
Units In
%
Next Release
Sep 25, 2019
Time to Release
1 Months 2 Days 3 Hours
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Highest
Lowest
Average
Date Range
Source
67.32 %
Mar 1985
1 %
Aug 2019
7.26 % 1985 - 2019Reserve Bank of New Zealand
In New Zealand, interest rates decisions are taken by the Reserve Bank of New Zealand. The official interest rate is the Official Cash Rate (OCR). The OCR was introduced in March 1999 and is reviewed eight times a year by the Bank. The OCR influences the price of borrowing money in New Zealand and provides the Reserve Bank with a means of influencing the level of economic activity and inflation.

Latest Updates

The Reserve Bank of New Zealand lowered its official cash rate by 50bps to a fresh record low of 1 percent at its August 2019 meeting, while markets had forecast a smaller 25bps cut. This was the first rate cut since May, aiming to support inflation amid weakening global economic activity and ongoing trade tensions. Policymakers signaled further rate cuts could be possible.

New Zealand Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

News

All News
DATETIMETITLE
Aug 7, 201909:31RBNZ Cuts Rate to Fresh Record Low
Jun 26, 201909:03New Zealand Holds Rates at 1.5%, Signals Further Cuts
May 8, 201904:18New Zealand Cuts Rate to Fresh Record Low of 1.5%
Mar 27, 201910:40New Zealand Leaves Monetary Policy Unchanged

Calendar

ECONOMIC CALENDAR
DATETIMEEVENT
Nov 10, 201518:05RBNZ Gov Wheeler Speech
May 12, 201519:05RBNZ Gov Wheeler Speech

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

New Zealand money Indicators

All New Zealand indicators
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Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
563,065
Jun 2019
564,752
May 2019
236,047
Dec 2004
564,752
May 2019
NZD MillionMonthly2004 - 2019
Central Bank Balance Sheet
24,911
Jul 2019
26,696
Jun 2019
7,116
Dec 1994
36,050
Feb 2019
NZD MillionMonthly1993 - 2019
Deposit Interest Rate
1.1
Aug 2019
1.24
Aug 2019
1.1
Aug 2019
16.32
Dec 1986
%Daily1981 - 2019
Foreign Exchange Reserves
26,928
Jul 2019
29,266
Jun 2019
1,029.5
Jul 1983
32,785
Oct 2017
NZD MillionMonthly1983 - 2019
Interbank Rate
1.55
Jul 2019
1.65
Jun 2019
1.55
Jul 2019
24.25
Apr 1987
%Monthly1986 - 2019
Interest Rate
1
Aug 2019
1.5
Jul 2019
1
Aug 2019
67.32
Mar 1985
%Daily1985 - 2019

Interest Rate across Pacific

Interest Rate global view
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Country
Last
Previous
Min
Max
Unit
Frequency
Range
Australia
1
Aug 2019
1
Jul 2019
1
Jul 2019
17.5
Jan 1990
%Daily1990 - 2019
Fiji
0.5
Jul 2019
0.5
Jun 2019
0.5
Feb 2019
2.5
Dec 2010
%Daily2010 - 2019
New Caledonia
0.25
Jul 2019
0.25
Jun 2019
0.25
Nov 2018
3
Dec 2008
%Daily2008 - 2019
New Zealand
1
Aug 2019
1.5
Jul 2019
1
Aug 2019
67.32
Mar 1985
%Daily1985 - 2019
Papua New Guinea
5.5
Aug 2019
6
Jul 2019
5.5
Aug 2019
16
Jul 2003
%Daily2001 - 2019
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