Breaking News

New Zealand Interest Rate Decision

Latest Release

Aug 20, 2025

Actual

3.00%

Forecast

3.00%

3.25%

The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. As short term interest rates are an important determinant of currency valuation, traders watch interest rate changes closely.

A reading that is stronger than forecast is generally supportive (bullish) for the NZD, while a weaker than forecast reading is generally negative (bearish) for the NZD.

Importance:

Country:

Currency: NZD

Source: Reserve Bank of New Zealand

Release Date	Time	Actual	Forecast	Previous
Aug 20, 2025	04:00	3.00%	3.00%	3.25%
Jul 09, 2025	04:00	3.25%	3.25%	3.25%
May 28, 2025	04:00	3.25%	3.25%	3.50%
Apr 09, 2025	04:00	3.50%	3.50%	3.75%
Feb 19, 2025	03:00	3.75%	3.75%	4.25%
Nov 27, 2024	03:00	4.25%	4.25%	4.75%

News

Asia FX ticks down ahead of Jackson Hole; kiwi slides after RBNZ rate cut By Investing.com - Aug 20, 2025

Investing.com-- Most Asian currencies edged lower on Wednesday as investors stayed cautious ahead of the Federal Reserve’s Jackson Hole symposium for cues on the U.S. rate path and the timing of a...

RBNZ cuts rates by 25bps as expected, signals scope for further easing By Investing.com - Aug 20, 2025

Investing.com-- The Reserve Bank of New Zealand (RBNZ) lowered its interest rates on Wednesday, as widely expected, as slowing domestic activity and spare capacity weighed on the growth outlook. The...

Asia FX dips as traders brace for more Trump tariffs; RBNZ holds rates steady By Investing.com - Jul 09, 2025

Investing.com-- Most Asian currencies fell on Wednesday as investors cautiously awaited more trade tariff announcements by U.S. President Donald Trump, while they also weighed the Reserve Bank of New...

Analysis

NZD/USD Plunges After RBNZ Vote, Revised Cash Rate Track Shock Markets By David Scutt - Aug 20, 2025

The RBNZ cut the OCR to 3% and signalled more cuts ahead, with two members favouring a 50bp move. The dovish deviation has hammered the New Zealand dollar. OCR cut 25bp to 3%, track lowered sharply...

NZD/USD Hit as Softer CPI Keeps RBNZ Easing in Play By David Scutt - Jul 21, 2025

Despite some sticky spots, New Zealand’s latest CPI report points to fading inflation risks—keeping a further RBNZ cut firmly in play. Q2 CPI rose 2.7% y/y vs 2.8% expected, 2.6% RBNZ forecast Core...

Will the Fed Minutes Lower the Bar for a Summer Cut? By Francesco Pesole - Jul 09, 2025

Today’s June Fed minutes will answer this question. Unless something remarkable emerges, the tariff story itself seems unable to significantly steer the US dollar for now, as markets retain a...

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