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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.

2.0 % Next Update:

Inflation

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

6.9 %

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 %

Nau mai, haere mai

Welcome to our new website. Find out about why we have made a new website and see some of its new features. 

Find out more
Nau mai, haere mai

The latest

See our latest news

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.
End of dividend restriction requires ongoing prudence

The Reserve Bank of New Zealand - Te Pūtea Matua is normalising the process for banks setting dividend payments, by removing the restrictions placed on the country’s registered trading banks at the height of the COVID-19 pandemic. The removal of restrictions will take effect from 1 July 2022.
RBNZ commences five-yearly framework review

The Reserve Bank of New Zealand – Te Pūtea Matua – is commencing its legislated 5-yearly review of its monetary policy Remit.
Interim insurance solvency standard further refined

The Reserve Bank of New Zealand - Te Pūtea Matua is today publishing a ‘review version’ of the insurance interim solvency standard, which determines the minimum amounts of capital that insurers must hold.
Independent report finds improvement in Westpac NZ’s liquidity management

An independent report into Westpac NZ’s liquidity risk management has found that it is moving in the right direction as it builds a proactive risk culture.
Monetary conditions tighten by more and sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent.
Insurance policyholder protection consultation helps shape future policy

Feedback from our consultation on the rules governing policyholder security in our insurance legislation will help to shape the final policy.
RBNZ strengthening enforcement framework

The Reserve Bank of New Zealand - Te Pūtea Matua has published its Enforcement Principles and Criteria Guidelines which are the foundation of our enhanced enforcement framework.
RBNZ supports proposals to strengthen climate-related disclosure

The Reserve Bank of New Zealand – Te Pūtea Matua continues to strongly support the External Reporting Board’s (XRB) plans to develop disclosure as a tool to understand and mitigate climate-related financial risks.
Financial system resilient to heightened challenges

New Zealand’s financial system remains robust in the context of significant global economic challenges, Governor Adrian Orr says in releasing the May 2022 Financial Stability Report.

Monetary Policy Remit Consultation

We are asking the public’s views about the economy, what matters to them and how decisions that we make can affect New Zealander’s daily lives.

Have your say
Monetary Policy Remit Consultation

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.
eftpos transaction

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