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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?

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.

4.25 % Next Update:

Inflation

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

7.2 % Next Update:

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.

3.3 % Next Update:

Sign up to our Remit Review webinar

We are hosting a free webinar on Monday 5 December for members of the public to find out about the Remit Review.

Register now
Sign up to our Remit Review webinar

The latest

See our latest news

Remit review second public consultation

The Reserve Bank of New Zealand – Te Pūtea Matua has launched a second consultation as part of the 5-yearly review of the Monetary Policy Committee’s (MPC) Remit that guides monetary policy decisions.

Higher interest rates necessary

The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 3.5 percent to 4.25 percent.
Feedback sought on insurance governance and supervisory processes

We are seeking feedback on a range of issues relating to how we supervise insurers.
Monetary policy in review 2017 to 2022

The Reserve Bank’s review of its monetary policy decisions for the period 2017 to 2022 was published today, including reports from 2 independent international experts.

Feedback sought on design of Debt-to-Income restriction framework

We are seeking feedback on the design of the regulatory framework for Debt-to-Income (DTI) restrictions.
Payments industry challenged to step up the innovation

Stakeholders in the New Zealand payments industry have been challenged to step up to ensure the country does not fall further behind in advancing our money and payments landscape at the risk of international innovation challenging New Zealand’s interests.
Global financial stress will test resilience

The rising global interest rates necessary to curb inflation will test New Zealand’s financial resilience, Governor Adrian Orr says in releasing the November 2022 Financial Stability Report

New Zealand Dollar (NZD) falls to 14th most traded currency

The NZD has fallen to be the 14th most traded currency globally, according to a global survey compiled by the Bank of International Settlements (BIS) released today.
Climate change stress test highlights flooding risks

Preliminary climate-related stress testing analysis carried out by the Reserve Bank of New Zealand – Te Pūtea Matua indicates that river and surface water flooding may pose an even greater risk to bank residential mortgage portfolios than coastal flooding.

Upcoming announcements

Monetary Policy Statements (MPS) and Monetary Policy Review (MPR) announcements are made to financial markets at 2pm (NZST) and then to the news media, and via Twitter, the website and email.

The Financial Stability Report (FSR) is released at 9am.

We reserve the right to make changes if required due to unexpected developments. In that unlikely event, we would give the markets and the media as much warning as possible.

See all the Monetary Policy announcement and FSR dates for 2023

 

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.
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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. 

Have your say
Have your say