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Released
RBNZ kept the rate unchanged at 2.75% (hold). Forecast was 3.00%.
Interest rate is one of the biggest factors affecting a currency's demand. A higher rate increases the return on holding that currency, so the market watches both the decision and hints about the future closely.
The central bank (RBNZ) decides what the policy rate (interest rate) will be for the country. This often comes with a statement and press conference. Released by Reserve Bank. This decision comes about 8 times a year (every 6–8 weeks).
Interest rate has the biggest impact on a currency's demand. A higher rate increases the return on holding that currency. This is a High impact event on FxGram: NZD pairs often see sharp moves at this time.
Generally, if the rate is raised (hike) or there is a signal of future hikes, it supports the currency; if cut, the opposite. The market prices in the forecast in advance, so the impact is greater when the decision differs from forecast.
This is just general knowledge (textbook), not a prediction for this release. The market may react differently. This is not buy-sell advice.
| Date | Actual | Forecast | Previous |
|---|---|---|---|
| 2.75% | 3% | 2.75% | |
| 2.75% | 2.75% | 2.5% | |
| 2.5% | 2.5% | 2.25% | |
| 2.25% | 2.25% | 2.25% | |
| 2.25% | 2.25% | 2.25% | |
| 2.25% | 2.25% | 2.25% | |
| 2.25% | 2.25% | 2.5% | |
| 2.5% | 2.75% | 3% | |
| 3% | 3% | 3.25% |
Data: Reserve Bank, via TradingView economic calendar.
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