The Reserve Bank of New Zealand's interest rate decision sets New Zealand borrowing costs and is the main driver of the New Zealand dollar.
Actual
5.25%
Forecast
5%
Previous
4.75%
RBNZ Interest Rate Decision for April 5, 2023 came in at 5.25% versus 5% expected (previous 4.75%), above forecast, which was positive for the NZD.
What it meant for the NZD
The actual landed above the 5% forecast (0.25 above expectations). A reading above forecast is generally bullish for the NZD, and below forecast bearish. On this release the read was positive for the NZD.
New to this release? See what RBNZ Interest Rate Decision measures, the next release and its full history.