Central Bank RatesNew Zealand policy rate in 2024 (3 changes)
Start of year5.50%
End of year4.25%Dec 31, 2024
Net change-125 bp0 hikes, 3 cuts
Average5.247%
Rank by level25 / 38
Changes in 2024
| Date | From | To | Change |
|---|---|---|---|
| Aug 15, 2024 | 5.50% | 5.25% | cut -25 bp |
| Oct 10, 2024 | 5.25% | 4.75% | cut -50 bp |
| Nov 28, 2024 | 4.75% | 4.25% | cut -50 bp |
Compared with other areas at the end of 2024
47.5%
21%
12.25%
10%
9.5%
8.5%
7.75%
6.5%
6.5%
6.5%
6%
5.75%
5.75%
5.75%
5.55%
5%
5%
5%
4.75%
4.75%
4.5%
4.5%
4.375%
4.35%
4.25%
4%
4%
3.25%
3.1%
3%
3%
3%
2.75%
2.6%
2.5%
2.25%
0.5%
0.25%
Year-end rate over time
2.75%
2.25%
4.25%
5.5%
4.25%
0.75%
0.25%
1%
1.75%
1.75%
1.75%
2.5%
3.5%
2.5%
2.5%
2.5%
3%
2.5%
5%
8.25%
7.25%
7.25%
6.5%
5%
5.75%
4.75%
6.5%
2024: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.