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RBNZ

Central banks

Official cash rate
2.75%
3M 6M 1Y 5Y 10Y ALL
History
FirstLast
Official cash rate %2.252.75
History % Official cash rate: 2.25 to 2.75 % May 12, 26 Nov 12, 26

RBNZ cash rate holds at 2.75 percent

In plain words

The Reserve Bank of New Zealand's official cash rate is 2.75 percent, after a 0.25 point rise on September 3, 2026. Banks and borrowers watch this rate because it shapes what it costs to borrow across the economy.

Where it sits

Official cash rate Low 2.25Now 2.75High 2.75

One-year low to high. Drawn from the data, not by AI.

There is more in this note

What it means if this rises or falls, cause and effect, how it works, the words to know and what to watch next.

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Written by AI from the numbers on this page. Not advice.

Policy rate

Official cash rate 2.75% -
Last changed 2026-09-03 -
Last change 25bps -
3-month change 25bps -
6-month change 50bps -
12-month change 25bps -

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The policy rate

Where is the RBNZ policy rate, and how has it changed?

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