RBNZ Rate Decision, explained.

The RBNZ's decision on the Official Cash Rate.

Why it moves markets

Moves the New Zealand dollar; the projected rate path in the Monetary Policy Statement is closely watched.

Who publishes it, and when

Reserve Bank of New Zealand Monetary Policy Committee. Seven scheduled decisions a year, 2:00pm Wellington time.

Pairs that often react

NZD/USDAUD/NZD

Pairs that include the currency involved usually react most. How much and in which direction depends on the surprise against expectations and on everything else going on. This isn't a prediction.

Educational only. Not advice and not a signal. Spreads often widen and prices can gap around big releases.