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Toitū te Ōhanga, Toitū te Oranga

We enable economic wellbeing and prosperity for all New Zealanders.

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Top Pages

Banks

Insurers

Non-bank deposit takers

Researchers

Watch our OCR decision explainer video

Chief Economist Paul Conway explains the economic factors behind the decision to keep the OCR at 5.5%.

Watch the 2 min video

Liquidity Policy Review

We have announced key decisions following our second round of public consultation.

Read our consultation update

Smiling middle aged woman standing alone on sidewalk in an urban area

Depositor Compensation Scheme explained

The DCS will protect your money if a bank, building society, credit union or finance company fails.

Read our explainer

Statistics highlights

5.5 %

On 29 November 2023, the Monetary Policy Committee agreed to maintain the Official Cash Rate (OCR) at 5.5%.

5.6 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

0.61680

GBP

UK pound sterling

0.48975

AUD

Australian dollar

0.93405

EUR

European euro

0.57125

CAD

Canadian dollar

0.83800

JPY

Japanese yen

88.25795

Useful links

Bank Financial Strength Dashboard Statistics Release Calendar More statistics

Our latest news

View all news

08 December 2023

Reserve Bank reminds retailers to train new cash handlers on fake note detection

Retailers are being reminded to take the time to train new cash handling staff on the fast and easy ways to spot fake banknotes.

06 December 2023

New Zealand Government Bonds – through the pandemic and beyond

This Bulletin provides an overview of developments in the New Zealand Government Bond market over recent years.

05 December 2023

Key liquidity policy review decisions announced

The Reserve Bank of New Zealand - Te Pūtea Matua has announced two key decisions following the second round of public consultation on its liquidity policy review (C2).

04 December 2023

Reserve Bank community cash trials to start next year

Rural New Zealand communities lacking commercial bank over-the-counter or ATM cash services will be invited to take part in trials starting next year of new ways to help individuals and retailers withdraw and deposit cash.

29 November 2023

Monetary policy to remain restrictive

The Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50%.

07 November 2023

RBNZ announces key decisions on review of policy for branches of overseas banks

The Reserve Bank of New Zealand – Te Pūtea Matua is nearing completion of its Branch Policy review and is now seeking views on implementation considerations.

01 November 2023

Financial system still adjusting to higher interest rates

New Zealand’s financial system remains strong as it adjusts to a higher interest rate environment, Deputy Governor Christian Hawkesby says in releasing the November 2023 Financial Stability Report.

30 October 2023

New Zealand's financial system resilience compares well with advanced economies'

Advanced economies’ financial systems have been largely resilient to risks arising from higher interest rates so far. However, the full impact is still to be seen and some areas of concern are emerging, according to an extract from the upcoming Reserve Bank of New Zealand – Te Pūtea Matua Financial Stability Report.