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New Zealand Raises Key Interest Rate to 0.75%; Decision History
New Zealand Raises Key Interest Rate to 0.75%; Decision History
24 Nov 2021, 07:06 AM IST 
(Bloomberg) -- The Reserve Bank of New Zealand raises key interest rate as expected to 0.75%.
- 21 of 23 economists surveyed predicted the rate to increase to 0.75%
- Of 159 rate decisions surveyed by Bloomberg, 18 were unexpected
- Actual results matched Bloomberg surveys 88.7% of the time
- See CHART of central bank decisions vs Bloomberg survey
| OCR Change | OCR | Survey | Survey vs. | ||
|---|---|---|---|---|---|
| Date | Percentage Points | Target | Median | Actual* | Direction |
| 11/24/2021 | 0.25 | 0.75 | 0.75 | Expected | Tightening |
| 10/06/2021 | 0.25 | 0.50 | 0.50 | Expected | Tightening |
| 08/18/2021 | 0.00 | 0.25 | 0.50 | Unexpected | Maintain |
| 07/14/2021 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 05/26/2021 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 04/14/2021 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 02/24/2021 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 11/11/2020 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 09/23/2020 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 08/12/2020 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 06/24/2020 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 05/13/2020 | 0.00 | 0.25 | 0.25 | Expected | Maintain |
| 04/07/2020 | 0.00 | 0.25 | n/a | n/a | Maintain |
| 03/23/2020 | 0.00 | 0.25 | n/a | n/a | Maintain |
| 03/16/2020 | -0.75 | 0.25 | n/a | n/a | Easing |
| 02/12/2020 | 0.00 | 1.00 | 1.00 | Expected | Maintain |
| 11/13/2019 | 0.00 | 1.00 | 0.75 | Unexpected | Maintain |
| 09/25/2019 | 0.00 | 1.00 | 1.00 | Expected | Maintain |
| 08/07/2019 | -0.50 | 1.00 | 1.25 | Unexpected | Easing |
| 06/26/2019 | 0.00 | 1.50 | 1.50 | Expected | Maintain |
| 05/08/2019 | -0.25 | 1.50 | 1.50 | Expected | Easing |
| 03/27/2019 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 02/13/2019 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 11/08/2018 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 09/27/2018 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 08/09/2018 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 06/28/2018 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 05/10/2018 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 03/22/2018 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 02/08/2018 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 11/09/2017 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 09/28/2017 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 08/10/2017 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 06/22/2017 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 05/11/2017 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 03/23/2017 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 02/09/2017 | 0.00 | 1.75 | 1.75 | Expected | Maintain |
| 11/10/2016 | -0.25 | 1.75 | 1.75 | Expected | Easing |
| 09/22/2016 | 0.00 | 2.00 | 2.00 | Expected | Maintain |
| 08/11/2016 | -0.25 | 2.00 | 2.00 | Expected | Easing |
| 06/09/2016 | 0.00 | 2.25 | 2.25 | Expected | Maintain |
| 04/28/2016 | 0.00 | 2.25 | 2.25 | Expected | Maintain |
| 03/10/2016 | -0.25 | 2.25 | 2.50 | Unexpected | Easing |
| 01/28/2016 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 12/10/2015 | -0.25 | 2.50 | 2.50 | Expected | Easing |
| 10/29/2015 | 0.00 | 2.75 | 2.75 | Expected | Maintain |
| 09/10/2015 | -0.25 | 2.75 | 2.75 | Expected | Easing |
| 07/23/2015 | -0.25 | 3.00 | 3.00 | Expected | Easing |
| 06/11/2015 | -0.25 | 3.25 | 3.50 | Unexpected | Easing |
| 04/30/2015 | 0.00 | 3.50 | 3.50 | Expected | Maintain |
| 03/12/2015 | 0.00 | 3.50 | 3.50 | Expected | Maintain |
| 01/29/2015 | 0.00 | 3.50 | 3.50 | Expected | Maintain |
| 12/11/2014 | 0.00 | 3.50 | 3.50 | Expected | Maintain |
| 10/30/2014 | 0.00 | 3.50 | 3.50 | Expected | Maintain |
| 09/11/2014 | 0.00 | 3.50 | 3.50 | Expected | Maintain |
| 07/24/2014 | 0.25 | 3.50 | 3.50 | Expected | Tightening |
| 06/12/2014 | 0.25 | 3.25 | 3.25 | Expected | Tightening |
| 04/24/2014 | 0.25 | 3.00 | 3.00 | Expected | Tightening |
| 03/13/2014 | 0.25 | 2.75 | 2.75 | Expected | Tightening |
| 01/30/2014 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 12/12/2013 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 10/31/2013 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 09/12/2013 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 07/25/2013 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 06/13/2013 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 04/24/2013 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 03/14/2013 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 01/31/2013 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 12/06/2012 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 10/25/2012 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 09/13/2012 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 07/26/2012 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 06/14/2012 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 04/26/2012 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 03/08/2012 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 01/26/2012 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 12/08/2011 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 10/27/2011 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 09/15/2011 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 07/28/2011 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 06/09/2011 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 04/28/2011 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 03/10/2011 | -0.50 | 2.50 | 2.75 | Unexpected | Easing |
| 01/27/2011 | 0.00 | 3.00 | 3.00 | Expected | Maintain |
| 12/09/2010 | 0.00 | 3.00 | 3.00 | Expected | Maintain |
| 10/28/2010 | 0.00 | 3.00 | 3.00 | Expected | Maintain |
| 09/16/2010 | 0.00 | 3.00 | 3.00 | Expected | Maintain |
| 07/29/2010 | 0.25 | 3.00 | 3.00 | Expected | Tightening |
| 06/10/2010 | 0.25 | 2.75 | 2.75 | Expected | Tightening |
| 04/29/2010 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 03/11/2010 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 01/28/2010 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 12/10/2009 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 10/29/2009 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 09/10/2009 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 07/30/2009 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 06/11/2009 | 0.00 | 2.50 | 2.50 | Expected | Maintain |
| 04/30/2009 | -0.50 | 2.50 | 2.50 | Expected | Easing |
| 03/12/2009 | -0.50 | 3.00 | 3.00 | Expected | Easing |
| 01/29/2009 | -1.50 | 3.50 | 4.00 | Unexpected | Easing |
| 12/04/2008 | -1.50 | 5.00 | 5.00 | Expected | Easing |
| 10/23/2008 | -1.00 | 6.50 | 6.50 | Expected | Easing |
| 09/11/2008 | -0.50 | 7.50 | 7.75 | Unexpected | Easing |
| 07/24/2008 | -0.25 | 8.00 | 8.25 | Unexpected | Easing |
| 06/05/2008 | 0.00 | 8.25 | 8.25 | Expected | Maintain |
| 04/24/2008 | 0.00 | 8.25 | 8.25 | Expected | Maintain |
| 03/06/2008 | 0.00 | 8.25 | 8.25 | Expected | Maintain |
| 01/24/2008 | 0.00 | 8.25 | 8.25 | Expected | Maintain |
| 12/06/2007 | 0.00 | 8.25 | 8.25 | Expected | Maintain |
| 10/25/2007 | 0.00 | 8.25 | 8.25 | Expected | Maintain |
| 09/13/2007 | 0.00 | 8.25 | 8.25 | Expected | Maintain |
| 07/26/2007 | 0.25 | 8.25 | 8.25 | Expected | Tightening |
| 06/07/2007 | 0.25 | 8.00 | 7.75 | Unexpected | Tightening |
| 04/26/2007 | 0.25 | 7.75 | 7.50 | Unexpected | Tightening |
| 03/08/2007 | 0.25 | 7.50 | 7.50 | Expected | Tightening |
| 01/25/2007 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 12/07/2006 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 10/26/2006 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 09/14/2006 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 07/27/2006 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 06/08/2006 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 04/27/2006 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 03/09/2006 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 01/26/2006 | 0.00 | 7.25 | 7.25 | Expected | Maintain |
| 12/08/2005 | 0.25 | 7.25 | 7.25 | Expected | Tightening |
| 10/27/2005 | 0.25 | 7.00 | 7.00 | Expected | Tightening |
| 09/15/2005 | 0.00 | 6.75 | 6.75 | Expected | Maintain |
| 07/28/2005 | 0.00 | 6.75 | 6.75 | Expected | Maintain |
| 06/09/2005 | 0.00 | 6.75 | 6.75 | Expected | Maintain |
| 04/28/2005 | 0.00 | 6.75 | 6.75 | Expected | Maintain |
| 03/10/2005 | 0.25 | 6.75 | 6.50 | Unexpected | Tightening |
| 01/27/2005 | 0.00 | 6.50 | 6.50 | Expected | Maintain |
| 12/09/2004 | 0.00 | 6.50 | 6.50 | Expected | Maintain |
| 10/28/2004 | 0.25 | 6.50 | 6.50 | Expected | Tightening |
| 09/09/2004 | 0.25 | 6.25 | 6.25 | Expected | Tightening |
| 07/29/2004 | 0.25 | 6.00 | 6.00 | Expected | Tightening |
| 06/10/2004 | 0.25 | 5.75 | 5.75 | Expected | Tightening |
| 04/29/2004 | 0.25 | 5.50 | 5.25 | Unexpected | Tightening |
| 03/11/2004 | 0.00 | 5.25 | 5.50 | Unexpected | Maintain |
| 01/29/2004 | 0.25 | 5.25 | 5.00 | Unexpected | Tightening |
| 12/04/2003 | 0.00 | 5.00 | 5.00 | Expected | Maintain |
| 10/23/2003 | 0.00 | 5.00 | 5.00 | Expected | Maintain |
| 09/04/2003 | 0.00 | 5.00 | 5.00 | Expected | Maintain |
| 07/24/2003 | -0.25 | 5.00 | 5.00 | Expected | Easing |
| 06/05/2003 | -0.25 | 5.25 | 5.25 | Unexpected | Easing |
| 04/24/2003 | -0.25 | 5.50 | 5.75 | Unexpected | Easing |
| 03/06/2003 | 0.00 | 5.75 | 5.75 | Expected | Maintain |
| 01/23/2003 | 0.00 | 5.75 | 5.75 | Expected | Maintain |
| 11/20/2002 | 0.00 | 5.75 | 5.75 | Expected | Maintain |
| 10/02/2002 | 0.00 | 5.75 | 5.75 | Expected | Maintain |
| 08/14/2002 | 0.00 | 5.75 | 5.75 | Expected | Maintain |
| 07/03/2002 | 0.25 | 5.75 | 5.75 | Expected | Tightening |
| 05/15/2002 | 0.25 | 5.50 | 5.50 | Expected | Tightening |
| 04/17/2002 | 0.25 | 5.25 | 5.25 | Expected | Tightening |
| 03/20/2002 | 0.25 | 5.00 | 4.75 | Unexpected | Tightening |
| 01/23/2002 | 0.00 | 4.75 | 4.75 | Expected | Maintain |
| 11/14/2001 | -0.50 | 4.75 | 4.75 | Expected | Easing |
| 10/03/2001 | 0.00 | 5.25 | 5.25 | Expected | Maintain |
| 09/19/2001 | -0.50 | 5.25 | n/a | n/a | Easing |
| 08/15/2001 | 0.00 | 5.75 | 5.75 | Expected | Maintain |
| 07/04/2001 | 0.00 | 5.75 | 5.75 | Expected | Maintain |
| 05/16/2001 | -0.25 | 5.75 | 5.75 | Expected | Easing |
| 04/19/2001 | -0.25 | 6.00 | 6.00 | Expected | Easing |
| 03/14/2001 | -0.25 | 6.25 | n/a | n/a | Easing |
| 01/24/2001 | 0.00 | 6.50 | n/a | n/a | Maintain |
| 12/06/2000 | 0.00 | 6.50 | n/a | n/a | Maintain |
| 10/04/2000 | 0.00 | 6.50 | n/a | n/a | Maintain |
| 08/16/2000 | 0.00 | 6.50 | n/a | n/a | Maintain |
| 07/05/2000 | 0.00 | 6.50 | n/a | n/a | Maintain |
| 05/17/2000 | 0.50 | 6.50 | n/a | n/a | Tightening |
| 04/19/2000 | 0.25 | 6.00 | n/a | n/a | Tightening |
| 03/15/2000 | 0.50 | 5.75 | n/a | n/a | Tightening |
| 01/19/2000 | 0.25 | 5.25 | n/a | n/a | Tightening |
| 11/17/1999 | 0.50 | 5.00 | n/a | n/a | Tightening |
| 09/29/1999 | 0.00 | 4.50 | n/a | n/a | Maintain |
| 08/18/1999 | 0.00 | 4.50 | n/a | n/a | Maintain |
| 06/30/1999 | 0.00 | 4.50 | n/a | n/a | Maintain |
| 05/19/1999 | 0.00 | 4.50 | n/a | n/a | Maintain |
| 04/21/1999 | 0.00 | 4.50 | n/a | n/a | Maintain |
| 03/17/1999 | OCR Introduced | 4.50 | n/a | n/a | n/a |
Note 1: Expected is when Bloomberg survey median is equal to the announced rate
Note 2: Unexpected is when announced rate is not equal to Bloomberg survey median
©2021 Bloomberg L.P.
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