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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

2.25 %

Updated: 2:00pm, 27 May 2026

Next update: 2:00pm, 08 Jul 2026

Inflation

3.1 y/y%

Updated: 3:00pm, 21 Apr 2026

Next update: 3:00pm, 21 Jul 2026

Exchange Rates

USD NC 0.56390

GBP 0.42750

AUD 0.81860

EUR NC 0.49650

CAD 0.80070

JPY 91.24185

Updated: 26 Jun 2026

Motuhake

Featured

Houses

Inflation calculator update

The inflation calculator now includes a rent category. Use the calculator to see how rental costs have changed over time.
Image of a magnifying glass looking at a banknote

2026 Stress testing scenarios

Our new Bulletin outlines the scenarios for our 2026 stress tests of large and small banks, and the life and health insurance sector.

Ngā kaupapa nui

Events

View all events
08 Jul 2026

July Monetary Policy Review and OCR

Wed • 2:00 - 3:00 PM
02 Sep 2026

Monetary Policy Statement and OCR September 2026

Wed • 2:00 - 4:00 PM
28 Oct 2026

Monetary Policy Review and OCR October 2026

Wed • 2:00 - 3:00 PM
11 Nov 2026

Financial Stability Report November 2026

Wed • 9:00 - 2:00 PM
09 Dec 2026

Monetary Policy Statement and OCR December 2026

Wed • 2:00 - 4:00 PM
10 Feb 2027

February 2027 Monetary Policy Review and OCR

Wed • 2:00 - 4:00 PM

Ngā karere

News

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DTA consultations on crisis preparedness and final tranche of draft standards

The Reserve Bank of New Zealand (RBNZ) - Te Pūtea Matua has opened consultations on six draft standards and a package of crisis preparedness policies for deposit takers. The consultations are the latest step in RBNZ’s implementation of the most significant regulatory reform for the sector in decades, the Deposit Takers Act 2023 (DTA).

ASB Bank ordered to pay $6.731 million in largest AML/CFT penalty to date

The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the High Court’s decision to impose a civil pecuniary penalty of $6.731 million on ASB Bank Limited.

RBNZ announces decision on use of the word 'bank'

All New Zealand deposit takers licensed under the DTA will be able to call themselves banks.

Cash consultation alternate formats and additional information published

Alternate formats of the Keeping Cash Local consultation document and survey – in NZSL, Braille, Easy Read, Audio and Large Print – are now available for disabled people and their communities to have their say.

RBNZ Governor connects with Hawke's Bay on Monetary Policy

On Friday 29 May, Reserve Bank of New Zealand Governor, Dr Anna Breman, spoke to rural and primary sector leaders in the Hawke’s Bay discussing insights from the May 2026 Monetary Policy Statement.