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
3%
Forecast
3.0%
Previous
3.25%
RBNZ Interest Rate Decision for August 20, 2025 came in at 3% versus 3.0% expected (previous 3.25%), in line with forecast.
What it meant for the NZD
The actual landed in line with the 3.0% forecast. A reading above forecast is generally bullish for the NZD, and below forecast bearish.
New to this release? See what RBNZ Interest Rate Decision measures, the next release and its full history.