Breaking News

New Zealand Interest Rate Decision

Latest Release

May 24, 2023

Actual

5.50%

Forecast

5.50%

5.25%

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
May 24, 2023	03:00	5.50%	5.50%	5.25%
Apr 05, 2023	03:00	5.25%	5.00%	4.75%
Feb 22, 2023	02:00	4.75%	4.75%	4.25%
Nov 23, 2022	02:00	4.25%	4.25%	3.50%
Oct 05, 2022	02:00	3.50%	3.50%	3.00%
Aug 17, 2022	03:00	3.00%	3.00%	2.50%

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	Interest Rates	Next Meeting
BOE	4.50%	Jun 22, 2023
ECB	3.75%	Jun 15, 2023
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SNB	1.50%	Jun 22, 2023
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