Every release since 27 Jan 2016: 76 on record, actual against forecast. Medium impact for the NZD. Updated within the hour of each release.
The last NZ RBNZ Interest Rate Decision (Oct. 28, 2026, released 28 Oct 2026) came in at 2.75%, below the 3% forecast; the previous reading was 2.75%.
Since 2016, NZ RBNZ Interest Rate Decision has come in above forecast 4% of the time and below 8% (75 releases with a forecast); over the last 12 it beat 0%.
The average miss against forecast over the last 24 releases was 0.03%: higher than expected is good for the NZD.
| Released | Period | Actual | Forecast | Previous | Vs forecast |
|---|---|---|---|---|---|
| 28 Oct 2026 21:00 | Oct. 28, 2026 | 2.75% | 3% | 2.75% | below |
| 2 Sept 2026 22:00 | Sep. 2, 2026 | 2.75% | 2.75% | 2.5% | in line |
| 8 Jul 2026 22:00 | Jul. 8, 2026 | 2.5% | 2.5% | 2.25% | in line |
| 27 May 2026 22:00 | May. 27, 2026 | 2.25% | 2.25% | 2.25% | in line |
| 8 Apr 2026 22:00 | Apr. 8, 2026 | 2.25% | 2.25% | 2.25% | in line |
| 18 Feb 2026 20:00 | Feb. 18, 2026 | 2.25% | 2.25% | 2.25% | in line |
| 26 Nov 2025 20:00 | Nov. 26, 2025 | 2.25% | 2.25% | 2.5% | in line |
| 8 Oct 2025 21:00 | Oct. 8, 2025 | 2.5% | 2.75% | 3% | below |
| 20 Aug 2025 22:00 | Aug. 20, 2025 | 3% | 3% | 3.25% | in line |
| 9 Jul 2025 22:00 | Jul. 9, 2025 | 3.25% | 3.25% | 3.25% | in line |
| 28 May 2025 22:00 | May. 28, 2025 | 3.25% | 3.25% | 3.5% | in line |
| 9 Apr 2025 22:00 | Apr. 9, 2025 | 3.5% | 3.5% | 3.75% | in line |
| 19 Feb 2025 20:00 | Feb. 19, 2025 | 3.75% | 3.75% | 4.25% | in line |
| 27 Nov 2024 20:00 | Nov. 27, 2024 | 4.25% | 4.25% | 4.75% | in line |
| 9 Oct 2024 21:00 | Oct. 9, 2024 | 4.75% | 4.75% | 5.25% | in line |
| 14 Aug 2024 22:00 | Aug. 14, 2024 | 5.25% | 5.5% | 5.5% | below |
| 10 Jul 2024 22:00 | Jul. 10, 2024 | 5.5% | 5.5% | 5.5% | in line |
| 22 May 2024 22:00 | May. 22, 2024 | 5.5% | 5.5% | 5.5% | in line |
| 10 Apr 2024 22:00 | Apr. 10, 2024 | 5.5% | 5.5% | 5.5% | in line |
| 28 Feb 2024 20:00 | Feb. 28, 2024 | 5.5% | 5.5% | 5.5% | in line |
| 29 Nov 2023 20:00 | Nov. 29, 2023 | 5.5% | 5.5% | 5.5% | in line |
| 4 Oct 2023 21:00 | Oct. 4, 2023 | 5.5% | 5.5% | 5.5% | in line |
| 16 Aug 2023 22:00 | Aug. 16, 2023 | 5.5% | 5.5% | 5.5% | in line |
| 12 Jul 2023 22:00 | Jul. 12, 2023 | 5.5% | 5.5% | 5.5% | in line |
| 24 May 2023 22:00 | May. 24, 2023 | 5.5% | 5.5% | 5.25% | in line |
| 5 Apr 2023 22:00 | Apr. 5, 2023 | 5.25% | 5% | 4.75% | above |
| 22 Feb 2023 20:00 | Feb. 22, 2023 | 4.75% | 4.75% | 4.25% | in line |
| 23 Nov 2022 20:00 | Nov. 23, 2022 | 4.25% | 4.25% | 3.5% | in line |
| 5 Oct 2022 21:00 | Oct. 5, 2022 | 3.5% | 3.5% | 3% | in line |
| 17 Aug 2022 22:00 | Aug. 17, 2022 | 3% | 3% | 2.5% | in line |
| 13 Jul 2022 22:00 | Jul. 13, 2022 | 2.5% | 2.5% | 2% | in line |
| 25 May 2022 22:00 | May. 25, 2022 | 2% | 2% | 1.5% | in line |
| 13 Apr 2022 22:00 | Apr. 13, 2022 | 1.5% | 1.25% | 1% | above |
| 23 Feb 2022 20:00 | Feb. 23, 2022 | 1% | 1% | 0.75% | in line |
| 24 Nov 2021 20:00 | Nov. 24, 2021 | 0.75% | 0.75% | 0.5% | in line |
| 6 Oct 2021 21:00 | Oct. 6, 2021 | 0.5% | 0.5% | – | in line |
| 18 Aug 2021 22:00 | Aug. 18, 2021 | 0.25% | 0.5% | 0.25% | below |
| 14 Jul 2021 22:00 | Jul. 14, 2021 | 0.25% | 0.25% | 0.25% | in line |
| 26 May 2021 22:00 | May. 26, 2021 | 0.25% | 0.25% | 0.25% | in line |
| 14 Apr 2021 22:00 | Apr. 14, 2021 | 0.25% | 0.25% | 0.25% | in line |
| 24 Feb 2021 20:00 | Feb. 24, 2021 | 0.25% | 0.25% | 0.25% | in line |
| 11 Nov 2020 20:00 | Nov. 11, 2020 | 0.25% | 0.25% | 0.25% | in line |
| 23 Sept 2020 22:00 | Sep. 23, 2020 | 0.25% | 0.25% | 0.25% | in line |
| 12 Aug 2020 22:00 | Aug. 12, 2020 | 0.25% | 0.25% | 0.25% | in line |
| 24 Jun 2020 22:00 | Jun. 24, 2020 | 0.25% | 0.25% | 0.25% | in line |
| 13 May 2020 22:00 | May. 13, 2020 | 0.25% | 0.25% | 0.25% | in line |
| 15 Mar 2020 15:00 | Mar. 17, 2020 | 0.25% | – | 1% | – |
| 12 Feb 2020 20:00 | Feb. 12, 2020 | 1% | 1% | 1% | in line |
| 13 Nov 2019 20:00 | Nov. 13, 2019 | 1% | 0.75% | 1% | above |
| 25 Sept 2019 22:00 | Sep. 25, 2019 | 1% | 1% | 1% | in line |
| 7 Aug 2019 22:00 | Aug. 7, 2019 | 1% | 1.25% | 1.5% | below |
| 26 Jun 2019 22:00 | Jun. 26, 2019 | 1.5% | 1.5% | 1.5% | in line |
| 8 May 2019 22:00 | May. 8, 2019 | 1.5% | 1.5% | 1.75% | in line |
| 27 Mar 2019 21:00 | Mar. 27, 2019 | 1.75% | 1.75% | – | in line |
| 13 Feb 2019 20:00 | Feb. 13, 2019 | 1.75% | 1.75% | 1.75% | in line |
| 7 Nov 2018 15:00 | Nov. 7, 2018 | 1.75% | 1.75% | 1.75% | in line |
| 26 Sept 2018 17:00 | Sep. 26, 2018 | 1.75% | 1.75% | 1.75% | in line |
| 8 Aug 2018 17:00 | Aug. 8, 2018 | 1.75% | 1.75% | 1.75% | in line |
| 27 Jun 2018 17:00 | Jun. 27, 2018 | 1.75% | 1.75% | 1.75% | in line |
| 9 May 2018 17:00 | May. 9, 2018 | 1.75% | 1.75% | 1.75% | in line |
| 21 Mar 2018 16:00 | Mar. 21, 2018 | 1.75% | 1.75% | 1.75% | in line |
| 7 Feb 2018 15:00 | Feb. 7, 2018 | 1.75% | 1.75% | 1.75% | in line |
| 8 Nov 2017 15:00 | Nov. 8, 2017 | 1.75% | 1.75% | 1.75% | in line |
| 27 Sept 2017 16:00 | Sep. 27, 2017 | 1.75% | 1.75% | 1.75% | in line |
| 9 Aug 2017 17:00 | Aug. 9, 2017 | 1.75% | 1.75% | 1.75% | in line |
| 21 Jun 2017 17:00 | Jun. 21, 2017 | 1.75% | 1.75% | 1.75% | in line |
| 10 May 2017 17:00 | May. 10, 2017 | 1.75% | 1.75% | 1.75% | in line |
| 22 Mar 2017 16:00 | Mar. 22, 2017 | 1.75% | 1.75% | – | in line |
| 8 Feb 2017 03:00 | Feb. 8, 2017 | 1.75% | 1.75% | 1.75% | in line |
| 9 Nov 2016 15:00 | Nov. 9, 2016 | 1.75% | 1.75% | 2% | in line |
| 21 Sept 2016 17:00 | Sep. 21, 2016 | 2% | 2% | 2% | in line |
| 10 Aug 2016 17:00 | Aug. 10, 2016 | 2% | 2% | 2.25% | in line |
| 8 Jun 2016 17:00 | Jun. 8, 2016 | 2.25% | 2.25% | – | in line |
| 27 Apr 2016 17:00 | Apr. 27, 2016 | 2.25% | 2.25% | 2.25% | in line |
| 9 Mar 2016 15:00 | Mar. 9, 2016 | 2.25% | 2.5% | 2.5% | below |
| 27 Jan 2016 15:00 | Jan. 27, 2016 | 2.5% | 2.5% | 2.5% | in line |
The last NZ RBNZ Interest Rate Decision (Oct. 28, 2026, released 28 Oct 2026) came in at 2.75%, below the 3% forecast; the previous reading was 2.75%.
NZ RBNZ Interest Rate Decision is released every 6–8 weeks by Reserve Bank. CRTLAB has 76 releases on record since 27 Jan 2016.
Since 2016, NZ RBNZ Interest Rate Decision has come in above forecast 4% of the time and below 8% (75 releases with a forecast); over the last 12 it beat 0%.
The highest was 5.5% (Jul. 10, 2024) and the lowest 0.25% (Aug. 18, 2021). The five-year average is 3.67%.
Usually yes: a reading above forecast is the good surprise for the NZD, and the bigger the surprise the bigger the move. On this page, green marks a release that was good for the NZD against its forecast, red one that was bad.
In New Zealand, interest rates decisions are taken by the Reserve Bank of New Zealand. The official interest rate is the Official Cash Rate (OCR).