Welcome to the Reserve Bank of New Zealand – Te Pūtea Matua. We are New Zealand's central bank. We enable economic wellbeing and prosperity for all New Zealanders.

Higher interest rates also mean New Zealanders expect lower inflation in future, which encourages businesses to set lower prices for their products today and for workers to accept lower pay increases, which also works to lower inflation in our economy. Text on screen: How does the official cash rate affect interest rates in the economy?

The Reserve Bank of New Zealand – Te Pūtea Matua is New Zealand’s central bank. By maintaining a sound and efficient monetary and financial system, we give people, communities and businesses the confidence to spend, borrow and save money in their daily lives.

The Reserve Bank of New Zealand (RBNZ) (Māori: Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 [2] and is currently constituted under the Reserve Bank of New Zealand Act 2021. [3] The governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand's currency and operating monetary policy.

2 days ago · The Reserve Bank of New Zealand Governor Adrian Orr said the board is forecasting a lower terminal rate than in its November projections, and expects two more 25-basis point rate cuts in April and ...

5 days ago · The Reserve Bank of New Zealand (RBNZ) is expected to cut the Official Cash Rate (OCR) “The big interest for markets is what the bank will intimate about its future rate track,” said BNZ head ...

Dec 22, 2024 · The Governor of the Reserve Bank is accountable to the government for the bank's performance, but in most other areas has statutory independence about how outcomes are achieved.

The new naming reflects the fact that alternative monetary policy tools can now also be used by the Monetary Policy Committee to maintain price stability. See where we publish the Monetary Policy Review news release

Mar 1, 2021 · The Reserve Bank of New Zealand is New Zealand’s central bank. The Reserve Bank manages monetary policy, regulates the financial sector, and issues the country’s currency, the New...

New Zealand’s central bank has reduced its benchmark interest rate for the fourth consecutive time, lowering it by 50 basis points to 3.75% on Wednesday. The move, which aligns with economists ...