Central bank · NZD
Reserve Bank of New Zealand (RBNZ) OCR dates 2026–2027 and the current rate
Short answer: the Reserve Bank of New Zealand's official cash rate is 2.75% (last change: +0.25, Sep 2026). The next decision is on 9 December 2026, at 01:00 UK time (14:00 Wellington time).
RBNZ meeting dates 2026–2027
Decision days as the Reserve Bank of New Zealand publishes them. The RBNZ has published dates to June 2027 so far. Dates up to 5 November 2026 are marked as held.
| Decision day | Wellington time | UK time | New York time | Status |
|---|---|---|---|---|
| Wed, 2 Sept 2026 | 14:00 | 03:00 | 22:00 (Tue, 1 Sept 2026) | Held |
| Wed, 28 Oct 2026 | 14:00 | 01:00 | 21:00 (Tue, 27 Oct 2026) | Held |
| Wed, 9 Dec 2026 | 14:00 | 01:00 | 20:00 (Tue, 8 Dec 2026) | Next |
| Wed, 10 Feb 2027 | 14:00 | 01:00 | 20:00 (Tue, 9 Feb 2027) | Scheduled |
| Wed, 17 Mar 2027 | 14:00 | 01:00 | 21:00 (Tue, 16 Mar 2027) | Scheduled |
| Wed, 5 May 2027 | 14:00 | 03:00 | 22:00 (Tue, 4 May 2027) | Scheduled |
| Wed, 16 Jun 2027 | 14:00 | 03:00 | 22:00 (Tue, 15 Jun 2027) | Scheduled |
Times follow each zone's daylight saving rules, so the UK time can shift by an hour in the weeks when the UK and the other country change clocks on different dates. Confirm on the official calendar before relying on a date.
Current RBNZ interest rate
- Official Cash Rate: 2.75%
- Last change: +0.25, Sep 2026
- Who decides: The Monetary Policy Committee (MPC).
- Target: Inflation between 1% and 3% on average over the medium term, with a focus on the 2% midpoint, a target set by the Government. Source
- How it explains decisions: A Monetary Policy Statement at some decisions and a shorter Monetary Policy Review at the others.
Currency pairs the RBNZ moves
A rate decision moves NZD pairs through the gap between the two policy rates. This is the gap today for the 1 major pairs that include NZD; the full table covers all 10.
| Pair | Base rate | Quote rate | Gap (base − quote) |
|---|---|---|---|
| NZD/USD | NZD 2.75% | USD 3.75–4.00% | −1.25 to −1.00 pp |
The gap is arithmetic on official policy rates, not a broker's swap rate and not a forecast. Markets react to the decision against what was expected, and often more to the guidance about future meetings than to the decision itself.
See the RBNZ in MacroMatrixFX
MacroMatrixFX shows the RBNZ's decisions on its built-in economic calendar and reads the rates and policy family alongside inflation, growth, positioning and risk for each of its 10 pairs, with a confidence reading on every score. Its alerts for a currency's pairs pause around that currency's high-impact events. EUR/USD, GBP/USD and USD/JPY are free.
Explore MacroMatrixFX · What is a fundamental bias? · Release dates in UK time
Other central banks
- Federal Reserve (Fed) meeting dates and rate
- European Central Bank (ECB) meeting dates and rate
- Bank of England (BoE) meeting dates and rate
- Bank of Japan (BoJ) meeting dates and rate
- Swiss National Bank (SNB) meeting dates and rate
- Bank of Canada (BoC) meeting dates and rate
- Reserve Bank of Australia (RBA) meeting dates and rate
- All eight central banks in one table
- Reserve Bank of New Zealand: policy rate · decision calendar · mandate and target · announcement time
- BIS: central bank policy rates (cross-check)
Sources are cited so you can verify them. They are independent of Macro Research Technologies and have not reviewed or approved this content. Educational content only, not financial advice. Rates and dates can change at short notice. Contact us with corrections.