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We are Aotearoa New Zealand's central bank

The Reserve Bank of New Zealand – Te Pūtea Matua

We aim to keep prices stable, maintain cash supplies and protect the stability of our financial system.

Official Cash Rate

2.5 %

Updated: 2:00pm, 08 Jul 2026

Next update: 2:00pm, 02 Sep 2026

Inflation

3.1 y/y%

Updated: 3:00pm, 21 Apr 2026

Next update: 3:00pm, 21 Jul 2026

Exchange Rates

USD 0.57790

GBP 0.43270

AUD 0.83495

EUR 0.50740

CAD 0.81730

JPY 93.85385

Updated: 14 Jul 2026

Motuhake

Featured

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Events

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02 Sep 2026

Monetary Policy Statement and OCR September 2026

Wed • 2:00 - 4:00 PM
28 Oct 2026

Monetary Policy Review and OCR October 2026

Wed • 2:00 - 3:00 PM
11 Nov 2026

Financial Stability Report November 2026

Wed • 9:00 - 2:00 PM
09 Dec 2026

Monetary Policy Statement and OCR December 2026

Wed • 2:00 - 4:00 PM
10 Feb 2027

Monetary Policy Review and OCR February 2027

Wed • 2:00 - 4:00 PM
17 Mar 2027

Monetary Policy Statement and OCR March 2027

Wed • 2:00 - 4:00 PM

Ngā karere

News

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Speech by Paul Conway: Finding signal in the inflation noise

In a speech delivered today at an event hosted by BusinessNZ in Wellington, Chief Economist, Paul Conway, discussed the fallout from the conflict in the Middle East, and how inflation expectations and price-setting behaviour will influence the path of interest rates as we return inflation back to our 2% target midpoint.

OCR increased to 2.50% to return inflation to 2%

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

RBNZ appoints Assistant Governor Financial Stability

Reserve Bank of New Zealand Governor Anna Breman has appointed Angus McGregor as Assistant Governor Financial Stability following an extensive recruitment process.

DTA consultations on crisis preparedness and final tranche of draft standards

The Reserve Bank of New Zealand (RBNZ) - Te Pūtea Matua has opened consultations on six draft standards and a package of crisis preparedness policies for deposit takers. The consultations are the latest step in RBNZ’s implementation of the most significant regulatory reform for the sector in decades, the Deposit Takers Act 2023 (DTA).

ASB Bank ordered to pay $6.731 million in largest AML/CFT penalty to date

The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the High Court’s decision to impose a civil pecuniary penalty of $6.731 million on ASB Bank Limited.