The Reserve Bank is undertaking a modest easing of the LVR restrictions from 1 January 2018

Reserve Bank Governor says "Over the past six months, pressures in the housing market have continued to moderate due to the tightening of LVR restrictions in October 2016, a more general firming of bank lending standards and an increase in mortgage interest rates in early 2017. Housing market policies announced by the Government are also expected to have a dampening effect on the housing market. In light of these developments, the Reserve Bank is undertaking a modest easing of the LVR restrictions"
29-11-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Statement by Reserve Bank Governor Grant Spencer:
09-11-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

Statement by Reserve Bank Governor Graeme Wheeler:
10-08-2017 more >>

OCR remains unchanged at 1.75 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has increased and become more broad-based.  However, major challenges remain with on-going surplus capacity and extensive political uncertainty.
23-06-2017 more >>

Minister welcomes DTI consultation

Finance Minister Steven Joyce has today welcomed the release of the Reserve Bank's consultation document on the use of Debt to Income ratios for mortgage borrowers as an additional macro-prudential tool.
10-06-2017 more >>

Reserve Bank publishes consultation on debt to income (DTI) limits

The Reserve Bank today published a consultation paper seeking feedback on serviceability restrictions such as debt to income (DTI) limits being added to its macro prudential toolkit.
09-06-2017 more >>

NZ's financial system is sound but continues to face risks

New Zealand’s financial system remains sound and the risks facing the system have reduced in the past six months, Reserve Bank Governor Graeme Wheeler said today when releasing the Bank’s May Financial Stability Report.
31-05-2017 more >>

Official Cash Rate (OCR) unchanged at 1.75 percent

A statement by Reserve Bank Governor Graeme Wheeler
23-03-2017 more >>

Official Cash Rate remains unchanged at 1.75 percent

Statement by Reserve Bank Governor Graeme Wheeler
09-02-2017 more >>

Reserve Bank reduces OCR to 1.75 percent

Statement by Reserve Bank Governor Graeme Wheeler:
10-11-2016 more >>

The Reserve Bank today left the OCR unchanged

Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.0 percent.
22-09-2016 more >>

Reserve Bank confirms nationwide restrictions on loans to property investors

The Reserve Bank today confirmed that new rules tighten restrictions on bank lending to residential property buyers throughout New Zealand.
05-09-2016 more >>

Reserve Bank defers start of proposed changes to investor LVR

The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.
12-08-2016 more >>

RBNZ proposes change to loan-to-value restrictions taking effect on September 1

The Reserve Bank has today released a consultation paper proposing changes to loan-to-value restrictions (LVRs) to further mitigate risks to financial stability arising from the current boom in house prices.
19-07-2016 more >>

Official Cash Rate unchanged at 2.25 percent

Statement by Reserve Bank Governor Graeme Wheeler
28-04-2016 more >>

Official Cash Rate reduced to 2.25 percent

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.25 percent
10-03-2016 more >>

Official Cash Rate unchanged at 2.5 percent

The Reserve Bank today left the Official Cash Rate unchanged at 2.5 percent.
28-01-2016 more >>

Risks facing financial system have increased

New Zealand’s financial system continues to perform well despite a deterioration in the outlook for global financial stability and increased risks related to the dairy and housing sectors, Reserve Bank Governor, Graeme Wheeler, said today
11-11-2015 more >>

Official cash rate reduced to 2.75 percent today

Statement by Reserve Bank Governor Graeme Wheeler
10-09-2015 more >>

Investor LVR limits to reduce financial system risk

The Reserve Bank expects new lending limits for Auckland property investors will reduce heightened financial system risk, and help moderate the Auckland housing market cycle, Deputy Governor Grant Spencer said today.
24-08-2015 more >>

Reserve Bank responds to submissions on LVR rules

The Reserve Bank today published a summary of submissions and final policy positions in regards to changes in the Loan to Value Ratio restriction rules (LVRs), and the asset classification of residential property investment loans in the Capital Adequacy Framework.
21-08-2015 more >>

Monetary policy supporting growth and inflatiion goal

The Reserve Bank today confirmed that at this stage some further monetary policy easing is likely to be required to maintain New Zealand’s economic growth around its potential, and return CPI inflation to its medium-term target level.
29-07-2015 more >>

Official cash rate reduced to 3.0 percent today

Statement by Reserve Bank Governor Graeme Wheeler:
23-07-2015 more >>

Reserve Bank reduces Official Cash Rate to 3.25 percent

Statement by Reserve Bank Governor Graeme Wheeler:
11-06-2015 more >>

OCR unchanged at 3.5 percent

The Reserve Bank left the Official Cash Rate unchanged at 3.5 percent on 30 April
01-05-2015 more >>