Reserve Bank of New Zealand

Reserve Bank of New Zealand
Te Pūtea Matua (Māori)
HeadquartersWellington, New Zealand
Coordinates41°16′44″S 174°46′30″E / 41.278814°S 174.77503°E / -41.278814; 174.77503
Established1 August 1934
OwnershipState-owned and governed under the 2021 Act
GovernorAdrian Orr
Central bank ofNew Zealand
CurrencyNew Zealand dollar
NZD (ISO 4217)
ReservesNZ$14,899 million[1]
Reserve requirementsNone
Interest on reserves5.5% (OCR)[2]
Websitewww.rbnz.govt.nz

The Reserve Bank of New Zealand (RBNZ) (Māori: Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 and is currently constituted under the Reserve Bank of New Zealand Act 2021.[3] The governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand's currency and operating monetary policy.

The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial institutions.

  1. ^ "New Zealand's official overseas reserves – E1". Reserve Bank of New Zealand. Retrieved 17 September 2020.
  2. ^ "Official Cash Rate (OCR) set to remain restrictive". 24 May 2023.
  3. ^ "The Reserve Bank's Institutional Regime". www.treasury.govt.nz. 8 September 2021. Retrieved 19 January 2023.

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