Reserve Bank of New Zealand · Official cash rate
New Zealand · NZD · Policy rate
The Reserve Bank of New Zealand’s Official cash rate is 2.75 %, last changed on 3 Sep 2026 when it was raised by 25 bp from 2.50 %. The next scheduled decision is on .
2.75 %
- Last change
- raised +25 bp·announced 2 Sep 2026
- Previous rate
- 2.50 %
- Next decision
- Latest observation
- Source
- BIS
2.75 % ·
2 Nov 20210.00 – 5.50 %2 Nov 2026
Recent decisions
Changes are dated by when they took effect; holds by the announcement day.
At a glance
- Economy
- New Zealand
- Currency
- NZD
- Type
- Policy rate
- Set by
- Reserve Bank of New Zealand
- History since
- 1985
- Changes in the last 12 months
- 3
Questions and answers
- What is the current Reserve Bank of New Zealand interest rate?
- The Reserve Bank of New Zealand’s Official cash rate is 2.75 %, last changed on 3 Sep 2026 when it was raised by 25 bp from 2.50 %.
- When did the Reserve Bank of New Zealand last change its rate?
- On 3 Sep 2026, when the Official cash rate was raised by 25 bp to 2.75 % from 2.50 %.
- What did the Reserve Bank of New Zealand decide at its last meeting?
- On 3 Sep 2026 it raised the Official cash rate by 25 bp to 2.75 %.
- When is the next Reserve Bank of New Zealand rate decision?
- The next scheduled announcement is on 9 Dec 2026.
Decisions by year since 2019
2026net +50 bp
| Date | Rate | Change |
|---|---|---|
| announced 2 Sep 2026 | 2.75 % | +25 bp |
| announced 8 Jul 2026 | 2.50 % | +25 bp |
| 2.25 % | hold | |
| 2.25 % | hold | |
| 2.25 % | hold |
2025net −200 bp
2024net −125 bp
| Date | Rate | Change |
|---|---|---|
| 4.25 % | −50 bp | |
| 4.75 % | −50 bp | |
| 5.25 % | −25 bp |
2023net +125 bp
| Date | Rate | Change |
|---|---|---|
| 5.50 % | +25 bp | |
| 5.25 % | +50 bp | |
| 4.75 % | +50 bp |
2022net +350 bp
| Date | Rate | Change |
|---|---|---|
| 4.25 % | +75 bp | |
| 3.50 % | +50 bp | |
| 3.00 % | +50 bp | |
| 2.50 % | +50 bp | |
| 2.00 % | +50 bp | |
| 1.50 % | +50 bp | |
| 1.00 % | +25 bp |
2021net +50 bp
| Date | Rate | Change |
|---|---|---|
| 0.75 % | +25 bp | |
| 0.50 % | −25 bp | |
| 0.75 % | +25 bp | |
| 0.50 % | +25 bp |
2020net −75 bp
| Date | Rate | Change |
|---|---|---|
| 0.25 % | −75 bp |
2019net −75 bp
| Date | Rate | Change |
|---|---|---|
| 1.00 % | −50 bp | |
| 1.50 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Oceania
Source: BIS central bank policy rates. Latest observation 23 Oct 2026. Refreshed every 30 minutes.