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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?

4.25 %

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.

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Learn more

7.2 %

Inflation

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

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Inflation

3.4 %

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.

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Unemployment & MSE

The latest

See our latest news

Money creation in New Zealand — Bulletin article

Money plays an essential role in the economy. It allows people to store value over time, exchange with each other, and measure the relative value of things.
New Enforcement Framework completed

The Reserve Bank of New Zealand - Te Pūtea Matua has published its Enforcement Guidelines and Investigation Guidelines, completing its enhanced Enforcement Framework.

New Foreign Reserves Framework agreed by RBNZ and Minister of Finance

The Reserve Bank of New Zealand – Te Pūtea Matua and the Minister of Finance have agreed to a new framework for managing foreign reserves.

Connected Exposures policy review receives broad support

Proposed changes to our policy on exposures of banks we supervise to connected entities have been progressed after a public consultation.
Monetary Policy Announcement and Financial Stability Report dates for 2023/24

The Reserve Bank of New Zealand - Te Pūtea Matua today announced the remaining 2024 dates for releasing its quarterly Monetary Policy Statement (MPS), Monetary Policy Review (MPR) decisions and the 6-monthly Financial Stability Report (FSR).

Updated weights for Trade-Weighted Index

The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Tuesday 13 December 2022.
Retailers reminded to train cash handlers on fake note detection

Retailers are being reminded to take the time to train cash handling staff on the fast and easy ways to spot fake banknotes.
Preferred capital instrument for mutual banks identified

Following a public consultation, we have identified our preferred policy option for mutual banks to issue capital instruments.
Consultation opens on potential need for regulation of new money forms

We are seeking feedback on our proposed approach to the opportunities and challenges from new forms of private money such as cryptoassets, including stablecoins.

Upcoming events and announcements

22 Feb 2023 Wed 2:00pm
Monetary Policy Statement and OCR

We publish our Monetary Policy Statement (MPS) quarterly.

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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. 

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