Reserve Bank of New Zealand

Stories

New Zealand inflation eases to 3.7% as fuel dip masks broader pressure

Held the official cash rate at 2.75% on October 28 in a 4-3 vote; further increases likely but conditional

New Zealand's annual inflation slowed to 3.7% in the September quarter from 4.1% in June, Stats NZ said. Petrol prices fell 6.5% over the quarter, while a 6.2% rise in local council rates pushed the other way.

Updated Nov 1

RBNZ holds rates at 2.75% in split vote, defying hike expectations

Money Moves

Sets New Zealand's official cash rate to keep inflation between 1 and 3 percent

New Zealand's central bank held its official cash rate at 2.75% on Wednesday, 28 October, in a 4-3 vote. Economists and markets had largely expected a rise to 3%. The New Zealand dollar fell about 1.3% to 56.1 US cents after the decision.

Updated Oct 31