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Official Cash Rate
New Zealand Official Cash Rate
The Official Cash Rate is the benchmark interest rate set by the Reserve Bank of New Zealand and is the s main means of imposing monetary policy. The Bank provides short-term funding to financial institutions which influences interest rates for commercial loans.
| Date | Value | Previous | Change |
|---|---|---|---|
| Mar 10, 2011 | 2.50 | 3.00 | -50.00 bps |
| Jul 29, 2010 | 3.00 | 2.75 | +25.00 bps |
| Jun 10, 2010 | 2.75 | 2.50 | +25.00 bps |
| Apr 30, 2009 | 2.50 | 3.00 | -50.00 bps |
| Mar 12, 2009 | 3.00 | 3.50 | -50.00 bps |
| Jan 29, 2009 | 3.50 | 5.00 | -150.00 bps |
| Dec 4, 2008 | 5.00 | 6.50 | -150.00 bps |
| Oct 23, 2008 | 6.50 | 7.50 | -100.00 bps |
| Sep 11, 2008 | 7.50 | 8.00 | -50.00 bps |
| Jul 24, 2008 | 8.00 | 8.25 | -25.00 bps |