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New Zealand: Central bank policy rate

Percent · 1934–2025 · 92 observations · forecasts to 2026 · cbrate

2025
2.25%percent
Change on 2024
−2.0 pointsfrom 4.25%
Average, 2016–2025
2.35%10 years
Record high and low
27.0% (1986)low 0.25% (2020)

Central bank policy rate

Report error
0%5%10%15%20%25%30%19401960198020002020New ZealandNew Zealand
ForecastPercent

Compare with other countries →Definition of Central bank policy rate

Recent values

Percent

YearValue
20263.00Forecast
20252.25
20244.25
20235.50
20224.25
20210.75
20200.25
20191.00
20181.75
20171.75
20161.75

Sources

  • Homer & Sylla1934–1989
  • Grimm1955–2023
  • Bank for International Settlements1985–2025
  • OECD Economic Outlook1999–2025
  • IMF International Financial Statistics2000–2025
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

New Zealand documentation (PDF)

More for New Zealand

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

Central bank policy rate elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms