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Nau mai, haere mai

Welcome to the Reserve Bank of New Zealand – Te Pūtea Matua. We are New Zealand's central bank.

How can we help you today?

Official Cash Rate

The OCR influences the price of borrowing money in New Zealand and allows us to influence the level of economic activity and inflation.

2.5 % Next Update:

Inflation

Inflation occurs when the prices of a range of goods and services rise on average.

7.3 %

Unemployment rate

The unemployment rate reflects conditions in the labour market and economy overall. It gives a sense of the number of people seeking work.

3.2 %

The latest

See our latest news

Feedback sought on improving Māori access to capital

Te Pūtea Matua – the Reserve Bank of New Zealand is seeking feedback on its issues paper Improving Māori Access to Capital.
Monetary Policy review

A report released today, How Central Bank Mistakes after 2019 led to Inflation, has been received by the Reserve Bank of New Zealand – Te Pūtea Matua and will be considered as part of our public Monetary Policy Remit review process underway.
Monetary Policy Announcement and Financial Stability Report dates for 2023/24

The Reserve Bank of New Zealand - Te Pūtea Matua today announced the remaining 2023 dates for releasing its quarterly Monetary Policy Statement (MPS), Monetary Policy Review (MPR) decisions and the six-monthly Financial Stability Report (FSR). The new dates cover the period from August 2023 to February 2024.

Monetary tightening continues

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.50 percent.
BNZ issued formal warning under AML/CFT Act

The Reserve Bank of New Zealand – Te Pūtea Matua is reminding reporting entities of their AML/CFT reporting obligations following the issuance of a formal warning to the Bank of New Zealand (BNZ).
Reserve Bank welcomes new legislative foundations

The Reserve Bank of New Zealand - Te Pūtea Matua has today welcomed commencement of its new foundational legislation the RBNZ Act 2021.
Housing (Still) Matters – The Big Picture

Housing matters because everyone needs somewhere to live – it is fundamental to our wellbeing, Reserve Bank of New Zealand – Te Pūtea Matua – Chief Economist Paul Conway says in a speech today to the National Property Conference 2022.
Central Banks committed to economic prosperity and wellbeing in South Pacific

At a meeting of South Pacific Central Bank Governors on 20 June 2022, the Governors reconfirmed their commitment to supporting the region’s access to cost effective remittances, retention of bank services and improving financial inclusion.
Proposed approach to Liquidity Policy Review receives broad support

The first stage of the Reserve Bank’s Liquidity Policy Review has shown broad support for the review.
Reserve Bank details planned sales of New Zealand Government Bonds

This Financial Markets Statement outlines the operational details of the sales of New Zealand Government Securities purchased under the Large Scale Asset Purchase (LSAP) Programme.
The Queen on New Zealand’s currency

This Bulletin article was commissioned by the Reserve Bank of New Zealand – Te Pūtea Matua to mark the Platinum Jubilee of the reign of Her Majesty Queen Elizabeth II of New Zealand.

Upcoming MPS/MPR Announcements

 

17 Aug 2022 MPS (live-stream) Announcements are made to financial markets at 2pm (NZST) and then to the news media, and via Twitter, the website and email. We reserve the right to make changes if required due to unexpected developments. In that unlikely event, we would give the markets and the media as much warning as possible.

See all the Monetary Policy Announcement and Financial Stability Report dates for 2022/23
5 Oct 2022 MPR announcement
23 Nov 2022 MPS (live-stream)
 

Puritia te aka matua! Embrace our roots!

Our foundational legislation has been strengthened and modernised for the future.

Find out more
Puritia te aka matua! Embrace our roots!

News and events

See our media releases

In this section you can access all our media releases and search by date and topic.

See our upcoming events

Search for our upcoming events here. You can also search our past events.

See our speeches

Under our Korero (speaking and engagement) programme, our staff meet and speak with a wide range of businesses, industry forums, community groups, schools and universities. See all our speeches here.
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What we do

Our statistics and research work

Statistics

We publish statistics and insights that are related to our policy and regulatory responsibilities here.

Research

We publish research into issues relevant to monetary and prudential policies and macroeconomic dynamics.

About us

The Reserve Bank of New Zealand – Te Pūtea Matua is New Zealand’s central bank. Find out about our people and how we work.

Have your say

We regularly consult with regulated entities and the wider financial sector on changes to regulations or monetary policy. 

Have your say
Have your say