Monetary Policy Statement

The New Zealand Reserve Bank publishes its Monetary Policy Statement (MPS) quarterly. Each Monetary Policy Statement must set out: how the Reserve Bank proposes to achieve its targets; how it proposes to formulate and implement monetary policy during the next five years; and how monetary policy has been implemented since the last Monetary Policy Statement.

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Most recent - Wednesday 28 February 2024 01:00

Trading range

Past events

Date

Wednesday 28 February 2024 01:00

Wednesday 4 October 2023 01:00

Wednesday 16 August 2023 02:00

Wednesday 12 July 2023 02:00

Wednesday 24 May 2023 02:00

Wednesday 22 February 2023 01:00

Wednesday 23 November 2022 01:00

Wednesday 17 August 2022 02:00

Wednesday 25 May 2022 02:00

Wednesday 23 February 2022 01:00

Wednesday 24 November 2021 01:00

Wednesday 18 August 2021 02:00

Wednesday 26 May 2021 02:00

Economic context

Recent economic data has been moderately bearish for NZD. The following recent announcements may affect the market reaction to Monetary Policy Statement :

		Previous	Latest
Consumer Price Index (QoQ)	Bullish change	0.5%	0.6%
Consumer Price Index (YoY)	Bearish change	4.7%	4%
Business NZ PSI	Bearish change	52.6	47.5
Business NZ PMI	Bearish change	49.1	47.1
RBNZ Interest Rate Decision	(no change)	5.5%	5.5%

About Monetary Policy Statement

Country:	New Zealand
Currency:	NZD
Source:	Reserve Bank of New Zealand
Category:	Central Banks
Frequency:	Irregular

Related events

	Australia		RBA Rate Statement
	Australia		RBA's Governor Lowe speech
	Australia
	Australia		RBA Press Conference
	Australia		RBA Meeting Minutes
	Australia		RBA Monetary Policy Statement
	Canada		BoC Press Conference
	Canada		Bank of Canada Monetary Policy Report
	Canada		BoC Rate Statement
	Canada		BoC's Governor Macklem speech
	Switzerland		SNB's Chairman Jordan speech
	Switzerland		SNB Monetary Policy Assessment
	Switzerland		SNB Press Conference
	Eurozone		ECB Monetary Policy Decision Statement
	Eurozone		ECB Bank Lending Survey
	Eurozone		ECB Press Conference
	Eurozone		ECB Rate On Deposit Facility
	Eurozone		ECB's President Lagarde speech
	Japan		BoJ Monetary Policy Statement
	Japan		BoJ Monetary Policy Meeting Minutes
	Japan		BoJ Press Conference
	Japan		BoJ Governor Nominee Ueda speech
	New Zealand		RBNZ Rate Statement
	New Zealand		RBNZ's Governor Orr speech
	New Zealand		RBNZ Press Conference
	United Kingdom		Monetary Policy Summary
	United Kingdom		BoE MPC Vote Rate Cut
	United Kingdom		BoE Monetary Policy Report Hearings
	United Kingdom		BoE MPC Vote Rate Unchanged
	United Kingdom		BoE MPC Vote Rate Hike
	United Kingdom		BoE's Governor Bailey speech
	United Kingdom		Bank of England Monetary Policy Report
	United Kingdom		Bank of England Minutes
	United Kingdom		BoE Asset Purchase Facility
	United States		Fed's Chair Powell testifies
	United States		Interest Rate Projections - 2nd year
	United States		Bank Stress Test Info
	United States		FOMC Economic Projections
	United States		Interest Rate Projections - 1st year
	United States		FOMC Press Conference
	United States		Interest Rate Projections - 3rd year
	United States		Fed's Chair Powell speech
	United States		Jackson Hole Symposium
	United States		Fed's Monetary Policy Statement
	United States		Interest Rate Projections - Longer
	United States		FOMC Minutes
	United States		Interest Rate Projections - Current
	Australia		RBA's Bullock speech
	Australia		RBA's Kent speech
	Australia		Financial Stability Review
	Canada
	Canada		BoC's Kozicki speech
	Canada		BoC's Gravelle speech
	Canada		BoC's Beaudry speech
	Canada		BoC's Rogers speech
	Switzerland		SNB Quarterly Bulletin
	Switzerland		SNB's Maechler speech
	Switzerland		SNB Financial Stability Report
	Germany		German Buba President Nagel speech
	Eurozone		ECB's Lane speech
	Eurozone		ECB's Schnabel speech
	Eurozone		ECB's Panetta speech
	Eurozone		ECB's De Guindos speech
	Eurozone		EU Financial Stability Review
	Eurozone		ECB's Cipollone speech
	Eurozone		ECB's Villeroy speech
	Eurozone		ECB Monetary Policy Meeting Accounts
	Eurozone		ECB's Elderson speech
	Eurozone		Non-Monetary Policy ECB Meeting
	Eurozone		Economic Bulletin
	Japan		BoJ Outlook Report
	New Zealand		RBNZ Financial Stability Report
	United Kingdom		BoE's Mann speech
	United Kingdom		BoE's Pill speech
	United Kingdom		BoE's Greene speech
	United Kingdom		Financial Stability Report
	United Kingdom		BoE's Cunliffe speech
	United Kingdom		BoE's Breeden speech
	United Kingdom		BoE's Ramsden speech
	United Kingdom		BoE's Dhingra speech
	United Kingdom		BoE's Haskel speech
	United Kingdom		BoE's Tenreyro speech
	United Kingdom		BoE's Broadbent speech
	United States		Fed's Kugler speech
	United States		Fed's Bowman speech
	United States		Fed's Barr speech
	United States		Fed's Collins speech
	United States		Fed's Schmid speech
	United States		Fed's Kashkari speech
	United States		Fed's Bostic speech
	United States		Fed's Goolsbee speech
	United States		Fed's Daly speech
	United States		Fed's Cook speech
	United States		Fed's Williams speech
	United States		Loan Officer Survey
	United States		Fed's Logan speech
	United States		Fed's Barkin speech
	United States		Fed's Waller speech
	United States		Fed Monetary Policy Report
	United States		Fed's Beige Book
	United States		Fed's Jefferson speech
	United States		Fed's Mester speech
	United States		Fed's Harker speech
	United States		Fed's Bullard speech

Calendar - Monetary Policy Statement - New Zealand