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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?

OCR dates 2023 Have your say on the Future of Money MPS November 2022 Exchange rates and Trade Weighted Index (B1) Returning old cash How to tell your cash is real Wholesale interest rates (B2) Economic indicators Inflation calculator
Bank credit ratings Bank dashboard Banking prudential requirements Material breaches of key bank prudential requirements Resources for banks Standards for banks
Financial strength-rating agencies for insurers Insurance declarations and exemptions Resources for insurers Standards for insurers
Helping you identify a non-bank deposit taker Overview of non-bank deposit takers regime Prudential requirements for non-bank deposit takers Resources for non-bank deposit takers
Analytical notes Discussion papers Our research and analysis Our research programme

4.25 %

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.

Next Update: 22 February 2023

Learn more

7.2 %

Inflation

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

Next Update: 20 April 2023

Inflation

3.4 %

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.

Next Update: 03 May 2023

Unemployment & MSE

The latest

See our latest news

31 January 2023
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.

26 January 2023
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.

25 January 2023
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.

24 January 2023
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.

15 December 2022
Monetary Policy Announcement and Financial Stability Report dates for 2023/24

The Reserve Bank of New Zealand - Te Pūtea Matua today announced the remaining 2024 dates for releasing its quarterly Monetary Policy Statement (MPS), Monetary Policy Review (MPR) decisions and the 6-monthly Financial Stability Report (FSR).

12 December 2022
Updated weights for Trade-Weighted Index

The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Tuesday 13 December 2022.

12 December 2022
Retailers reminded to train cash handlers on fake note detection

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

07 December 2022
Preferred capital instrument for mutual banks identified

Following a public consultation, we have identified our preferred policy option for mutual banks to issue capital instruments.

07 December 2022
Consultation opens on potential need for regulation of new money forms

We are seeking feedback on our proposed approach to the opportunities and challenges from new forms of private money such as cryptoassets, including stablecoins.

Upcoming events and announcements

22 Feb 2023 Wed 2:00pm
Monetary Policy Statement and OCR

We publish our Monetary Policy Statement (MPS) quarterly.

Details See details
05 Apr 2023
Monetary Policy Review and OCR
Wed 2:00pm
Details See details
03 May 2023
Financial Stability Report
Wed 9:00am
Details See details
24 May 2023
Monetary Policy Statement and OCR
Wed 2:00pm
Details See details
12 Jul 2023
Monetary Policy Review and OCR
Wed 2:00pm
Details See details
View all events View all events

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.

eftpos transaction

What we do

Monetary policy

Financial stability

Regulation & supervision

Money and cash

Payments and settlement systems

Financial markets

Responsibility and accountability

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
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