RBNZ Interest Rate Decision
The Reserve Bank of New Zealand (RBNZ) determines the Official Cash Rate (OCR) in its seven annual policy meetings, influencing the New Zealand Dollar's (NZD) value. A hike in OCR, aimed to curb inflation, bolsters the NZD by attracting capital inflows, while a cut, intended to address low inflation, generally weakens it.
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Historical Data
| Date | Actual | Previous | Deviation | Consensus |
|---|---|---|---|---|
| Aug 14, 2024 | 5.25% | 5.50% | -0.25 | 5.50% |
| Jul 10, 2024 | 5.50% | 5.50% | 0.00 | 5.50% |
| May 22, 2024 | 5.50% | 5.50% | 0.00 | 5.50% |
| Apr 10, 2024 | 5.50% | 5.50% | 0.00 | 5.50% |
| Feb 28, 2024 | 5.50% | 5.50% | 0.00 | 5.50% |
| Nov 29, 2023 | 5.50% | 5.50% | 0.00 | 5.50% |
| Oct 4, 2023 | 5.50% | 5.50% | 0.00 | 5.50% |
| Aug 16, 2023 | 5.50% | 5.50% | 0.00 | 5.50% |