This release announces the Reserve Bank of New Zealand's official cash rate, which is the benchmark interest rate for the country.
Releases at
02:00
Wednesday, October 28, 2026 at 02:00
The RBNZ Interest Rate Decision directly influences borrowing costs, consumer spending, and inflation in New Zealand.
Investors and markets watch this decision closely as it signals the central bank's stance on monetary policy and economic outlook.
Changes in the rate can impact the New Zealand dollar's value and affect global markets due to shifts in capital flows.
NZD typically strengthens as higher rates attract foreign investment; equity markets may react negatively due to higher borrowing costs.
NZD usually weakens as lower rates reduce returns on investments; equity markets may rally on cheaper borrowing.
Markets generally show limited reaction, focusing instead on accompanying statements for future guidance.