Policy Rate of the Reserve Bank of New Zealand
New Zealand| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Reserve Bank of New Zealand (RBNZ) sets the official cash rate (OCR) as part of its monetary policy framework. This rate is determined during regular monetary policy meetings held by the RBNZ and is used to regulate economic activity and manage inflation.
When the policy rate is increased, borrowing costs rise, which can suppress consumption and investment, thereby helping to control inflation. Conversely, when the policy rate is decreased, borrowing costs fall, stimulating consumption and investment, which can promote economic growth.
This data has a significant impact on financial markets and the overall economy, attracting widespread attention. It serves as an important source of information for policymakers, businesses, and investors to develop economic forecasts and investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
