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Toitū te Ōhanga, Toitū te Oranga

We enable economic wellbeing and prosperity for all New Zealanders.

How can we help you today?

Banks

Insurers

Non-bank deposit takers

Researchers

RBNZ Governor Adrian Orr resigns

Reserve Bank of New Zealand Governor Adrian Orr has resigned and will finish in the role on 31 March.

Inflation calculator

Use our inflation calculator to check how prices in Aotearoa New Zealand have changed over time from 1862 to today.

Go to the calculator

MPS February 2025

Read a summary of what's happening in the economy, download the report, and view the OCR projection graph.

Statistics highlights

3.75 %

We set the OCR to influence interest rates. We use our influence to keep inflation low and stable.

2.2 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

0.57015

GBP

UK pound sterling

0.44040

AUD

Australian dollar

0.90715

EUR

European euro

0.52550

CAD

Canadian dollar

0.82285

JPY

Japanese yen

84.54755

Our latest news

View all news

10 March 2025

RBNZ welcomes the release of Te Ōhanga Māori 2023 Report

The Te Ōhanga Māori 2023 report released today provides invaluable insight and analysis of the Māori economy's growth and development.

05 March 2025

RBNZ Governor Adrian Orr resigns

Reserve Bank of New Zealand Governor Adrian Orr has resigned and will finish in the role on 31 March.

04 March 2025

Strengthening trust and confidence in New Zealand's insurance industry

In a speech delivered today at the Insurance Council of New Zealand's conference, Deputy Governor Christian Hawkesby discussed the challenges facing New Zealand's insurance landscape.

19 February 2025

OCR 3.75% - OCR reduced further as inflation abates

Monetary Policy Statement media release and the MPC’s Record of Meeting, which summarises the committee's discussions, leading to the decision.

29 January 2025

Beyond the cycle: Growth and interest rates in the long run

In a speech delivered today, Reserve Bank Chief Economist Paul Conway discussed New Zealand’s longer-term ‘potential output’ and its significance for monetary policy.

12 December 2024

Second Amendment to insurance Interim Solvency Standard issued

The Reserve Bank of New Zealand - Te Pūtea Matua has today issued the second amendment to the Interim Solvency Standard 2023, which will take effect for all relevant insurers from 1 March 2025.

11 December 2024

RBNZ thematic review identifies opportunities to enhance financial inclusion practices

The Reserve Bank of New Zealand - Te Pūtea Matua has released a thematic review into how deposit takers support financial inclusion.

10 December 2024

Kiwis say cash and privacy are crucial in record Digital Cash consultation response

Kiwis say cash is crucial and current payment options are not delivering what customers want according to our Digital Cash consultation.

09 December 2024

RBNZ welcomes new Financial Policy Remit

The Reserve Bank of New Zealand welcomes the new Financial Policy Remit issued today as it continues its work to facilitate a financial sector where competition drives innovation and inclusion.