Forex Fundamentals
RBNZ Interest Rate Decision

RBNZ Interest Rate Decision 14 August 2024

RBNZ Interest Rate Decision 14 August 2024: 5.25%, below the 5.5% forecast and down from 5.5% in July 2024. It is the lowest reading since April 2023. 1 of the last 12 releases came in below the forecast. It was released on Wed 14 Aug 2024 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
5.5%
The market consensus
Previous
5.5%
As the source gives it

What a print like this usually does

Below the forecast: A lower-than-expected OCR, or a decision that clearly points to faster cuts, usually weakens the NZD sharply.

RBNZ Interest Rate Decision 14 August 2024: 5.25% against a 5.5% 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 14 August 2024: 5.25% vs 5.5% forecast (Reserve Bank of New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/rbnz/2024-08-14

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
14 Aug 2024—5.25%5.5%5.5%
10 Jul 2024—5.5%5.5%5.5%
22 May 2024—5.5%5.5%5.5%
10 Apr 2024—5.5%5.5%5.5%
28 Feb 2024—5.5%5.5%5.5%
29 Nov 2023—5.5%5.5%5.5%
4 Oct 2023—5.5%5.5%5.5%
16 Aug 2023—5.5%5.5%5.5%
12 Jul 2023—5.5%5.5%5.5%
24 May 2023—5.5%5.5%5.25%
5 Apr 2023—5.25%5%4.75%
22 Feb 2023—4.75%4.75%4.25%
The release before:RBNZ Interest Rate Decision 10 July 2024The release after:RBNZ Interest Rate Decision 9 October 2024RBNZ Interest Rate Decision: every recent resultThis week’s economic calendar