Reserve Bank of New Zealand (RBNZ) — FX Impact, Latest News & FAQ
The Reserve Bank of New Zealand (RBNZ) was the world's first inflation-targeting central bank (1990) and remains one of the most transparent in publishing forward guidance. The Monetary Policy Committee announces decisions at 02:00 UTC on t…
About Reserve Bank of New Zealand
The Reserve Bank of New Zealand (RBNZ) was the world's first inflation-targeting central bank (1990) and remains one of the most transparent in publishing forward guidance. The Monetary Policy Committee announces decisions at 02:00 UTC on the meeting Wednesday, with detailed forecasts released alongside the four "MPS" (Monetary Policy Statement) meetings each year. NZD is one of the highest-beta major currencies; combined with detailed RBNZ forward guidance, NZD/USD frequently moves 100-150 pips on the announcement and another 50-100 pips during the press conference. NewFXT tracks every RBNZ release with live quote impact, AI commentary and calendar context.
Most affected FX pairs
RBNZ FAQ
What is the RBNZ?
The Reserve Bank of New Zealand is the central bank of New Zealand. It sets the Official Cash Rate and was the first central bank in the world to adopt formal inflation targeting.
When does the RBNZ decide rates?
The RBNZ Monetary Policy Committee announces decisions at 02:00 UTC on Wednesday meeting weeks. Four meetings per year include a full Monetary Policy Statement with forecasts; the others are interim reviews.
Why does NZD react sharply to RBNZ?
NZD is a small, high-beta currency, and the RBNZ publishes more detailed forward guidance than most central banks. Surprises versus the previously published rate path produce outsized repricing in NZD/USD and NZD/JPY.