Prospect for more RBNZ rate cuts can further weigh on NZD – BBH
|NZD/USD is firmer but the prospect for more RBNZ rate cuts can further weigh on New Zealand Dollar (NZD), BBH FX analysts note.
Reserve Bank of New Zealand (RBNZ)
RBNZ cuts OCR by 50 bps, signals slower pace of easing
RBNZ LAST MOVEMENTS ON INFLATION CONTROL
RBNZ's Conway: Interest rates moving toward neutral
|Reserve Bank of New Zealand Chief Economist Paul Conway said late Tuesday that the interest rate will tend towards neutral in the absence of future shocks to the system as pandemic-related disruptions fade, per Reuters.
RBNZ Orr: Changes to capital rules will not increase competition among banks
|Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said early Wednesday that “changes to capital rules will not increase competition among banks.”
RBNZ latest news
RBNZ latest analysis
November RBNZ DECISION
Orr Speech: RBNZ Governor sheds light on policy outlook after 50 bps rate cut
The Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 50 basis points (bps) from 4.75% to 4.25%, following the conclusion of the November policy meeting on Wednesday.
October RBNZ DECISION
RBNZ slashes interest rate by 50 bps to 4.75%, as widely expected
|The Reserve Bank of New Zealand (RBNZ) announced on Wednesday that it lowered the Official Cash Rate (OCR) by 50 basis points (bps) from 5.25% to 4.75%, following the conclusion of the October policy meeting.
August RBNZ DECISION
RBNZ surprises with a 25 bps interest-rate cut to 5.25%
|The Reserve Bank of New Zealand (RBNZ) lowered the Official Cash Rate (OCR) by 25 basis points (bps) from 5.50% to 5.25%, following the conclusion of the August policy meeting on Wednesday. The market participants anticipated a rates on-hold decision.
Big Picture
What is the RBNZ
The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank. Its primary role is to “give people, communities and businesses the confidence to spend, borrow and save money” by maintaining a sound and efficient monetary and financial system. The RBNZ achieves this by managing inflation to keep prices stable, regulating banks and finance companies, producing New Zealand’s banknotes and coins and operating effective wholesale payment and settlement systems. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index (CPI), falls within the band of between 1% and 3% – and supporting maximum sustainable employment.
The official website, on X and YouTube
Who is the RBNZ Governor?
Adrian Orr is the Governor of the Reserve Bank of New Zealand. He was appointed in March 2018 and was reappointed for a second five-year term effective from March 2023. He graduated from the University of Waikato in 1983 with a Bachelor of Social Sciences, majoring in Economics and Geography. He also holds a Master’s Degree in Development Economics from the University of Leicester, England. Orr has also served as Chair of the International Forum of Sovereign Wealth Funds, and Chair of the Pacific Pension and Investment Institute.
Adrian official RBNZ profile
Interest rates latest news
The World Interest Rates Table
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.