Reserve Bank of New Zealand Headquarters
Reserve Bank of New Zealand Cash Rate
Attention to Shift to Press Conference From RBNZ
Starts Wednesday, May 8, 2019 at 02:00
Updated Thursday, May 2, 2019
The Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates on hold again. It started moving interest rates lower in 2016 and 2017 when the FED was hiking them. Since then, the RBNZ has kept them unchanged. Not much is expected in this week's decision, so the attention will shift to the statement and the monetary policy statement which is released together with the rate decision. Please follow us for live coverage of this event by experienced analysts.
<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
About Reserve Bank of New Zealand Cash Rate
The Reserve Bank of New Zealand (RBNZ) discloses its monetary policy decisions on a 6-week period, February through December. Any adjustments made to the cash rate, also known as the overnight money market interest rate, have the potential to impact the New Zealand dollar (NZD) significantly.The decision to either raise or lower the cash rate is crafted by the RBNZ’s Reserve Bank Board. After each meeting, an announcement is made to the public regarding any changes to the cash rate. The new lending rates to go into effect the next day.Short-term cash rates are extremely important to valuations of the NZD. Rising rates are viewed as bullish for the NZD, while falling rates are bearish.