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
Oct 08, 2025	03:00		2.75%	3.00%
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%

News

RBNZ names Riksbank’s Anna Breman as governor By Investing.com - Sep 24, 2025

Investing.com-- The Reserve Bank of New Zealand said on Wednesday that Anna Breman, current First Deputy Governor of Sweden’s central bank, will take over as governor from December 2025. Breman will...

New Zealand GDP shrinks 0.9% in Q2, worse than expected By Investing.com - Sep 18, 2025

Investing.com-- New Zealand’s economy shrank more than expected in the second quarter as weak manufacturing activity and slowing export volumes largely offset middling growth in private...

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...

Analysis

NZD/USD: GDP Shock Ramps Up Pressure for Bigger RBNZ Cuts By David Scutt - Sep 18, 2025

New Zealand’s economy shrank 0.9% in Q2, far worse than expected. The Kiwi dropped as markets ramped up bets the RBNZ may be forced into deeper rate cuts to prop up growth.New Zealand Q2 GDP...

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...

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	Interest Rates	Next Meeting
CBN	27.00%	Sep 23, 2025
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