RBNZ cuts number of interest rate decisions

View from above of Queensland in New Zealand
New Zealand

New Zealand's central bank is cutting the number of monetary policy meetings it holds each year, opening the door for a three-month summer break starting next year.

The Reserve Bank of New Zealand (RBNZ) announced changes to its release schedule on August 26, lowering the number of annual interest rate decisions from eight to seven starting mid-2016.

Under the new framework, the RBNZ will leave the official cash rate, its benchmark interest rate, in place for three months between November 2016

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.