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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

3.25 %

Updated: 2:00pm, 09 Jul 2025

Next update: 2:00pm, 20 Aug 2025

Inflation

2.5 y/y%

Updated: 3:00pm, 17 Apr 2025

Next update: 3:00pm, 21 Jul 2025

Exchange Rates

USD 0.59995

GBP 0.44160

AUD 0.91855

EUR NC 0.51185

CAD 0.82035

JPY 88.12070

Updated: 09 Jul 2025

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Events

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20 Aug 2025

August Monetary Policy Statement and OCR

Wed • 2:00 - 4:00 PM
08 Oct 2025

October Monetary Policy Review and OCR

Wed • 2:00 - 3:00 PM
05 Nov 2025

November Financial Stability Report

Wed • 9:00 - 2:00 PM
26 Nov 2025

November Monetary Policy Statement and OCR

Wed • 2:00 - 4:00 PM
18 Feb 2026

February Monetary Policy Statement and OCR

Wed • 2:00 - 4:00 PM
08 Apr 2026

April Monetary Policy Review and OCR

Wed • 2:00 - 3:00 PM

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News

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OCR: 3.25% - OCR unchanged

Monetary Policy Review media release and the MPC’s record of meeting, which summarises the committee's discussions, leading to the decision.

RBNZ releases Statement of Performance Expectations (SPE)

The Reserve Bank of New Zealand – Te Pūtea Matua has released its SPE for 2025/26, outlining what it intends to achieve to enable economic wellbeing and prosperity for all New Zealanders and how it will measure its performance.

Appointments to Reserve Bank Board

The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the appointment of Grant Spencer and the reappointment of Byron Pepper to its governing Board.

Depositor Compensation Scheme now in effect

The Depositor Compensation Scheme (DCS) came into effect today, protecting depositors for up to $100,000 in the unlikely event that their bank or other licensed deposit taker fails.

Snapshot highlights banks' efforts to reduce unnecessary barriers for Māori

The Reserve Bank of New Zealand – Te Pūtea Matua has published a primarily qualitative snapshot that offers a comparison of how banks are working to remove unnecessary barriers to Māori Access to Capital (MA2K).