RBNZ Interest Rate Decision & Statement

Home/RBNZ Interest Rate Decision & Statement

november, 2019

13nov1:00 am1:00 amRBNZ Interest Rate Decision & StatementIMPACT: NZDUSD & NZD CROSSES1:00 am - 1:00 am UTC Event Type :High Impact Time has ran out! Better luck next time!

Event Details

What is this event?

The RBNZ Governor decides where to set the rate after consulting senior bank staff and external advisers. The rate decision is usually priced into the market, so it tends to be overshadowed by the RBNZ Rate Statement, which is focused on the future.

Measures

It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision.

Effect on Currency

More hawkish than expected is good for currency.

Frequency of event

Scheduled 8 times per year.

Source of Data

Reserve Bank of New Zealand (latest release)

Time

(Wednesday) 1:00 am - 1:00 am