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Toitū te Ōhanga, Toitū te Oranga

We enable economic wellbeing and prosperity for all New Zealanders.

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Banks

Insurers

Non-bank deposit takers

Researchers

5.25 %

Official Cash Rate

0n 14 August, the Monetary Policy Committee agreed to reduce the OCR to 5.25%.

Updated: 2:00pm, 14 Aug 2024

Next update: 2:00pm, 9 Oct 2024

Read announcement

Annual Report 2024

We have published our Annual Report covering the year from 1 July 2023 to 30 June 2024.

How risk weights affect bank lending

Read our newly released bulletin about risk weights and how they affect banks' lending decisions.

Statistics highlights

3.3 y/y%

Consumers Price Index (CPI) inflation occurs when the prices of a range of goods and services rise on average.

USD

United States dollar

0.61425

GBP

UK pound sterling

0.46890

AUD

Australian dollar

0.90765

EUR

European euro

0.55935

CAD

Canadian dollar

0.83630

JPY

Japanese yen

90.81075

Useful links

Bank Financial Strength Dashboard Statistics Release Calendar More statistics

Our latest news

View all news

08 October 2024

RBNZ releases Annual Report 2024

The Reserve Bank of New Zealand – Te Pūtea Matua has today published its Annual Report covering the year from 1 July 2023 to 30 June 2024.

07 October 2024

ESAS Access Review is open for second consultation

The Reserve Bank of New Zealand – Te Pūtea Matua is consulting on a revised access policy, as part of its ongoing review of the Exchange Settlement Account System (ESAS), a payments and settlement system used by banks.

26 September 2024

RBNZ releases banking competition select committee submission

The Reserve Bank of New Zealand – Te Pūtea Matua has published its submission to Parliament’s Finance and Expenditure Committee Inquiry into Banking Competition.

18 September 2024

RBNZ releases updated financial stability indicators

The Reserve Bank of New Zealand – Te Pūtea Matua has released updated financial stability indicators, providing a more comprehensive view into the indicators that are looked at when assessing risk.

16 September 2024

Financial market reaction to monetary policy surprises

Monetary policy decisions that are not fully anticipated by financial markets (‘monetary policy surprises’) lead to changes in interest rates and the New Zealand dollar exchange rate.

05 September 2024