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New Zealand Interest Rate

Last Release
Apr 2021
Actual
0.25 %
Forecast
0.25 %
Previous
0.25 %
Frequency
Daily
Units In
%
Next Release
May 26, 2021
Time to Release
1 Months 10 Days 14 Hours
Highest
Lowest
Average
Date Range
Source
67.32 %
Mar 1985
0.25 %
Mar 2020
6.97 %1985 - 2021Reserve 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 unexpectedly kept its official cash rate/OCR unchanged at a record low of 1 percent on November 13th 2019, surprising markets that expected a 25 bps rate cut. Policymakers said that economic developments do not warrant a change to the already stimulatory monetary setting at this time and that they will continue to monitor the evolution of the economy and remain prepared to act as required. The Committee added that interest rates will need to remain at low levels for a prolonged period to ensure inflation reaches the mid-point of the target range and employment remains around its maximum sustainable level.

New Zealand Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Nov 13, 201909:13New Zealand Holds Rates, Leaves Room for Further Easing
Sep 25, 201902:21New Zealand Holds Rates at 1%, Signals More Easing If Needed
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
DATETIMEEVENTActual
Nov 10, 201518:05RBNZ Gov Wheeler Speech
May 12, 201519:05RBNZ Gov Wheeler Speech

New Zealand money Indicators

All New Zealand indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
627,962
Feb 2021
621,339
Oct 2020
236,047
Dec 2004
630,653
Apr 2020
NZD MillionMonthly2004 - 2021
Central Bank Balance Sheet
78,401
Feb 2021
74,824
Jan 2021
7,116
Dec 1994
78,401
Feb 2021
NZD MillionMonthly1993 - 2021
Deposit Interest Rate
0.25
Apr 2021
0.25
Apr 2021
-0.12
Dec 2020
16.32
Dec 1986
%Daily1981 - 2021
Foreign Exchange Reserves
18,154
Mar 2021
18,056
Feb 2021
1,029.5
Jul 1983
39,252
Mar 2020
NZD MillionMonthly1983 - 2021
Interbank Rate
1.53
Sep 2019
1.25
Aug 2019
1.25
Aug 2019
24.25
Apr 1987
%Monthly1986 - 2019
Interest Rate
0.25
Apr 2021
0.25
Mar 2021
0.25
Mar 2020
67.32
Mar 1985
%Daily1985 - 2021

Interest Rate across Pacific

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Australia
0.1
Apr 2021
0.1
Mar 2021
0.1
Nov 2020
17.5
Jan 1990
%Daily1990 - 2021
Fiji
0.25
Mar 2021
0.25
Feb 2021
0.25
Mar 2020
2.5
Dec 2010
%Daily2010 - 2021
New Caledonia
0.25
Feb 2021
0.25
Jan 2021
0.25
Nov 2018
3
Dec 2008
%Daily2008 - 2021
New Zealand
0.25
Apr 2021
0.25
Mar 2021
0.25
Mar 2020
67.32
Mar 1985
%Daily1985 - 2021
Papua New Guinea
3
Feb 2021
3
Jan 2021
3
Apr 2020
16
Jul 2003
%Daily2001 - 2021

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