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We are Aotearoa New Zealand's central bank

The Reserve Bank of New Zealand – Te Pūtea Matua

We aim to keep prices stable, maintain cash supplies and protect the stability of our financial system.

Official Cash Rate

2.25 %

Updated: 2:00pm, 27 May 2026

Next update: 2:00pm, 08 Jul 2026

Inflation

3.1 y/y%

Updated: 3:00pm, 21 Apr 2026

Next update: 3:00pm, 21 Jul 2026

Exchange Rates

USD 0.57040

GBP 0.42575

AUD 0.81995

EUR 0.49840

CAD 0.81070

JPY 92.32495

Updated: 07 Jul 2026

Motuhake

Featured

Monetary Policy Review and OCR decision

Monetary Policy Review and OCR decision

We'll publish the Monetary Policy Review and official cash rate decision at 2pm, Wednesday 8 July.

Past OCR rates

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Events

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08 Jul 2026

July Monetary Policy Review and OCR

Wed • 2:00 - 3:00 PM
02 Sep 2026

Monetary Policy Statement and OCR September 2026

Wed • 2:00 - 4:00 PM
28 Oct 2026

Monetary Policy Review and OCR October 2026

Wed • 2:00 - 3:00 PM
11 Nov 2026

Financial Stability Report November 2026

Wed • 9:00 - 2:00 PM
09 Dec 2026

Monetary Policy Statement and OCR December 2026

Wed • 2:00 - 4:00 PM
10 Feb 2027

February 2027 Monetary Policy Review and OCR

Wed • 2:00 - 4:00 PM

Ngā karere

News

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RBNZ appoints Assistant Governor Financial Stability

Reserve Bank of New Zealand Governor Anna Breman has appointed Angus McGregor as Assistant Governor Financial Stability following an extensive recruitment process.

DTA consultations on crisis preparedness and final tranche of draft standards

The Reserve Bank of New Zealand (RBNZ) - Te Pūtea Matua has opened consultations on six draft standards and a package of crisis preparedness policies for deposit takers. The consultations are the latest step in RBNZ’s implementation of the most significant regulatory reform for the sector in decades, the Deposit Takers Act 2023 (DTA).

ASB Bank ordered to pay $6.731 million in largest AML/CFT penalty to date

The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the High Court’s decision to impose a civil pecuniary penalty of $6.731 million on ASB Bank Limited.

RBNZ announces decision on use of the word 'bank'

All New Zealand deposit takers licensed under the DTA will be able to call themselves banks.

Cash consultation alternate formats and additional information published

Alternate formats of the Keeping Cash Local consultation document and survey – in NZSL, Braille, Easy Read, Audio and Large Print – are now available for disabled people and their communities to have their say.