Browser issue

It looks like the browser you're using doesn’t work well with our website. For a better experience, please update to the latest version of Chrome, Edge, Firefox or Safari.

Toitū te Ōhanga, Toitū te Oranga

We enable economic wellbeing and prosperity for all New Zealanders.

How can we help you today?

Banks

Insurers

Non-bank deposit takers

Researchers

What you told us about Digital Cash

We recently asked people all over the country their thoughts on a proposed digital currency for New Zealand.

What you told us

Digital cash: Your questions answered

Watch our explainer videos and get answers to common questions you may have about digital cash.

Inflation calculator

Use our inflation calculator to check how prices in Aotearoa New Zealand have changed over time from 1862 to today.

Go to the calculator

Statistics highlights

4.25 %

We set the OCR to influence interest rates. We use our influence to keep inflation low and stable.

2.2 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

0.56305

GBP

UK pound sterling

0.45980

AUD

Australian dollar

0.90290

EUR

European euro

0.54670

CAD

Canadian dollar

0.80675

JPY

Japanese yen

87.91745

Our latest news

View all news

12 December 2024

Second Amendment to insurance Interim Solvency Standard issued

The Reserve Bank of New Zealand - Te Pūtea Matua has today issued the second amendment to the Interim Solvency Standard 2023, which will take effect for all relevant insurers from 1 March 2025.

11 December 2024

RBNZ thematic review identifies opportunities to enhance financial inclusion practices

The Reserve Bank of New Zealand - Te Pūtea Matua has released a thematic review into how deposit takers support financial inclusion.

10 December 2024

Kiwis say cash and privacy are crucial in record Digital Cash consultation response

Kiwis say cash is crucial and current payment options are not delivering what customers want according to our Digital Cash consultation.

09 December 2024

RBNZ welcomes new Financial Policy Remit

The Reserve Bank of New Zealand welcomes the new Financial Policy Remit issued today as it continues its work to facilitate a financial sector where competition drives innovation and inclusion.

03 December 2024

Reserve Bank of Fiji Hosts 39th Meeting of South Pacific Governors

A press release from the Reserve Bank of Fiji, hosts of the 39th Meeting of South Pacific Governors held in Nadi, 28-29 November 2024.

28 November 2024

How restricted is land supply?

A joint paper released today provides an assessment of how restricted land supply is in Auckland and how this has changed.

28 November 2024

2024 Monetary Policy Challenge winners announced

Christchurch Girls’ High School has been named the winner of the Reserve Bank of New Zealand’s 2024 Monetary Policy Challenge.

27 November 2024

OCR 4.25% - OCR lowered further as inflation returns to target

Monetary Policy Statement media release and the MPC’s Record of Meeting, which summarises the committee's discussions, leading to the decision.

12 November 2024

Reserve Bank issues warning to Quest Insurance Group Limited

The Reserve Bank of New Zealand – Te Pūtea Matua has issued a warning to Quest Insurance Group Limited (Quest) for failures to comply with the Insurance (Prudential Supervision Act 2010 (IPSA).

05 November 2024

Financial system remains resilient amidst economic downturn

Risks to New Zealand’s financial system remain contained, Deputy Governor Christian Hawkesby says in releasing the November 2024 Financial Stability Report.

04 November 2024

Geopolitical tensions highlighted as risk to financial stability

The Reserve Bank of New Zealand - Te Pūtea Matua today announced key findings from its 2024 Reverse Stress Test, alongside an assessment of how geopolitical tensions could impact financial stability in New Zealand.