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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?

4.75 %

Official Cash Rate

On 22 February, the Monetary Policy Committee increased the OCR from 4.25% to 4.75%.

Next Update:

What is the OCR?
Learn about the OCR

Our Chief Economist Paul Conway explains how the OCR influences interest rates and what this means for you.

Watch the video
Future of money — private innovation webinars

We are offering 2 free webinars on Monday 27 March on our issues paper.

Join our webinar

The latest

See our latest news

Reserve Bank increases the Official Cash Rate

The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 4.25% to 4.75%.
RBNZ and cash industry supporting cash services in regions affected by Cyclone Gabrielle

The Reserve Bank of New Zealand – Te Pūtea Matua has given an update on ATM (cash machine) and other cash services in regions affected by Cyclone Gabrielle.
Liquidity Policy Review seeks feedback on significant policy issues

The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on the second stage of its liquidity policy review.
Money creation in New Zealand — Bulletin article

Money plays an essential role in the economy. It allows people to store value over time, exchange with each other, and measure the relative value of things.
New Enforcement Framework completed

The Reserve Bank of New Zealand - Te Pūtea Matua has published its Enforcement Guidelines and Investigation Guidelines, completing its enhanced Enforcement Framework.

New Foreign Reserves Framework agreed by RBNZ and Minister of Finance

The Reserve Bank of New Zealand – Te Pūtea Matua and the Minister of Finance have agreed to a new framework for managing foreign reserves.

Connected Exposures policy review receives broad support

Proposed changes to our policy on exposures of banks we supervise to connected entities have been progressed after a public consultation.

Upcoming events and announcements

05 Apr 2023 Wed 2:00pm
Monetary Policy Review and OCR

Monetary Policy Review announcement — including the official cash rate (OCR).

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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