Breaking News

New Zealand Interest Rate Decision

Latest Release

Aug 16, 2023

Actual

5.50%

Forecast

5.50%

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
Oct 04, 2023	03:00			5.50%
Aug 16, 2023	04:00	5.50%	5.50%	5.50%
Jul 12, 2023	04:00	5.50%	5.50%	5.50%
May 24, 2023	04:00	5.50%	5.50%	5.25%
Apr 05, 2023	04:00	5.25%	5.00%	4.75%
Feb 22, 2023	03:00	4.75%	4.75%	4.25%

News

Asia FX weakens on U.S. rate hike fears, China gloom By Investing.com - Aug 16, 2023

Investing.com -- Most Asian currencies fell on Wednesday as strong U.S. economic readings raised concerns over the Federal Reserve having enough room to keep raising interest rates, while weak...

New Zealand c.bank keeps rates steady at 5.5%, sees sticky inflation By Investing.com - Aug 16, 2023

Investing.com -- The Reserve Bank of New Zealand (RBNZ) kept interest rates steady on Wednesday, and said that interest rates will need to remain high or potentially rise further due to a sticky...

Asia FX slips as dollar rebounds, peak Fed rates in sight By Investing.com - Jul 19, 2023

Investing.com -- Most Asian currencies fell on Wednesday as the dollar rebounded from 15-month lows, with recent U.S. data spurring more bets that the Federal Reserve was close to pausing its rate...

Analysis

Week Ahead: U.S. CPI, Retail Sales; China CPI/GDP; U.S.-Saudi Meet, BoC, RBNZ By Ryan Anderson - Jul 10, 2022

SAT: Chinese Inflation (Jun). MON: US Employment Trends (Jun), Eurogroup Meeting. TUE: German ZEW Economic Sentiment (Jul), OPEC MOMR. WED: RBNZ Announcement, BoC Announcement, Chinese Trade Balance...

Week Ahead: Investors Brace For Retail Sector Earnings; Dollar Could Correct By Pinchas Cohen - May 22, 2022

Walmart, Target earnings are leading indicators of sector losses, even broader market Yields change course but still weigh on equities Dollar could correct Bitcoin on the verge of a further...

Will USD/JPY Hit 130? Beware Of Broad FX Sell-Off By Kathy Lien - Apr 12, 2022 2

Investors continued to buy U.S. dollars, driving the greenback to its strongest level against the Japanese yen in more than 6 years. The biggest driving force for USD/JPY right now is U.S. yields...

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	Interest Rates	Next Meeting
CBN	18.75%	Sep 26, 2023
BOE	5.25%	Sep 21, 2023
ECB	4.50%	Oct 26, 2023
FED	5.50%	Sep 20, 2023
SNB	1.75%	Dec 14, 2023
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