Breaking News

New Zealand Interest Rate Decision

Latest Release

Nov 29, 2023

Actual

5.50%

Forecast

5.50%

The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the NZD, while a lower than expected rate is negative/bearish for the NZD.

Importance:

Country:

Currency: NZD

Source: Reserve Bank of New Zealand

Release Date	Time	Actual	Forecast	Previous
Nov 29, 2023	12:00	5.50%	5.50%	5.50%
Oct 04, 2023	12:00	5.50%	5.50%	5.50%
Aug 16, 2023	13:00	5.50%	5.50%	5.50%
Jul 12, 2023	13:00	5.50%	5.50%	5.50%
May 24, 2023	13:00	5.50%	5.50%	5.25%
Apr 05, 2023	13:00	5.25%	5.00%	4.75%

News

Asia FX rises on Fed pivot hopes; NZ dollar boosted by hawkish RBNZ By Investing.com - Nov 29, 2023

Investing.com-- Most Asian currencies rose on Wednesday as less hawkish signals from Federal Reserve officials ramped up hopes for an early interest rate cut in 2024, which put the dollar near...

RBNZ keeps rates on hold at 5.5%, says more hikes still possible By Investing.com - Nov 29, 2023

Investing.com-- The Reserve Bank of New Zealand kept interest rates steady on Wednesday as expected, with the bank stating that inflation still remained too high and that it could potentially hike...

New Zealand CPI inflation eases in Q3, less hiking pressure on RBNZ By Investing.com - Oct 17, 2023

Investing.com-- New Zealand consumer inflation grew less than expected in the third quarter on softer import prices, taking more pressure off the Reserve Bank to raise interest rates further this...

Analysis

The Overnight Report: Winding Down, And Up By Greg Peel - Nov 23, 2022 1

Energized On the back of increasing Chinese covid cases and lockdowns, base metal prices were all down -2-3% on Monday night, iron ore was down -1.5%, and gold was also lower. Yesterday the materials...

Traders’ Week Ahead: A Slave To Price Action By Chris Weston - Oct 03, 2022

After a brutal week/month for risky assets, we turn the page and look to trade all the grenades that are thrown at us in the new week – the dynamic remains one of further fundamental downside risk,...

Australian dollar steps on yuan trapdoor By David Llewellyn-Smith - Aug 17, 2022

DXY held its gain last night: AUD held its losses:Oil is not well:Metals did a bit better:Mining (LON:GLEN) popped. Meh:EM stocks (NYSE:EEM) are trying:But junk (NYSE:HYG) has stalled:The US curve...

RBNZ Interest Rate Decision Discussion

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	Interest Rates	Next Meeting
RBA	4.35%	Jan 02, 2024
BOE	5.25%	Dec 14, 2023
ECB	4.50%	Dec 14, 2023
FED	5.50%	Dec 13, 2023
SNB	1.75%	Dec 14, 2023
BOC	5.00%	Jan 24, 2024
RBNZ	5.50%	Feb 28, 2024
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PBOC	3.45%
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