New Zealand's central bank

The Reserve Bank manages monetary policy to maintain price stability, promotes the maintenance of a sound and efficient financial system, and supplies New Zealand banknotes and coins.

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Making monetary policy

The Monetary Policy Handbook explains how monetary policy now works and how it contributes to the economy of New Zealand.

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MPS May 2019

The Monetary Policy Committee decided to reduce the Official Cash Rate (OCR) to 1.5 percent in the Monetary Policy Statement.

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Bank capital

The Reserve Bank is consulting on a proposal that bank owners bear a greater share of the risks to the financial system.

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Upcoming Events

For statistics publication dates see the Statistics release calendar