Forex Fundamentals
RBNZ Interest Rate Decision

RBNZ Interest Rate Decision 5 April 2023

RBNZ Interest Rate Decision 5 April 2023: 5.25%, above the 5% forecast and up from 4.75% in February 2023. It is the highest of the last 12 releases. 2 of the last 12 releases came in above the forecast. It was released on Wed 5 Apr 2023 at 02:00 UTC.

These figures were verified on 4 Oct 2026 from the source: Reserve Bank of New Zealand. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
5.25%
Forecast
5%
The market consensus
Previous
4.75%
As the source gives it

What a print like this usually does

Above the forecast: An OCR above market expectations usually strengthens the NZD sharply as traders reprice the expected path of rates higher.

RBNZ Interest Rate Decision 5 April 2023: 5.25% against a 5% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

RBNZ Interest Rate Decision 5 April 2023: 5.25% vs 5% forecast (Reserve Bank of New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/rbnz/2023-04-05

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
5 Apr 2023—5.25%5%4.75%
22 Feb 2023—4.75%4.75%4.25%
23 Nov 2022—4.25%4.25%3.5%
5 Oct 2022—3.5%3.5%3%
17 Aug 2022—3.0%3%2.5%
13 Jul 2022—2.5%2.5%2.0%
25 May 2022—2.0%2%1.5%
13 Apr 2022—1.5%1.25%1%
23 Feb 2022—1.0%1%0.75%
24 Nov 2021—0.75%0.75%0.5%
6 Oct 2021—0.5%0.5%0.25%
18 Aug 2021—0.25%0.5%0.25%
The release before:RBNZ Interest Rate Decision 22 February 2023The release after:RBNZ Interest Rate Decision 24 May 2023RBNZ Interest Rate Decision: every recent resultThis week’s economic calendar