February Monetary Policy Statement and OCR
We publish our Monetary Policy Statement (MPS) quarterly.
We enable economic wellbeing and prosperity for all New Zealanders.
On 29 November 2023, the Monetary Policy Committee agreed to maintain the Official Cash Rate (OCR) at 5.5%.
Consumers Price Index (CPI) inflation occurs when the prices of a range of goods and services rise on average.
We publish our Monetary Policy Statement (MPS) quarterly.