InterestRateDecision ECB in 14h 57m
  1. Home
  2. RBNZ
  3. April 2025

RBNZ Interest Rate Decision, April 2025

The Reserve Bank of New Zealand lowered the Official Cash Rate 25 bp to 3.50% on April 9, 2025, as expected.

Decision3.50%▼ cut −25 bp
Against expectedAs expectedexpected 3.50%
Previous3.75%Official Cash Rate
NZD/USD one hour later −0.9 pips from the last price before
The result

What the RBNZ decided in April 2025

The move −25 bp Cut 25 bp to 3.50%, from 3.75%.
Against expected No surprise Economists expected: cut 25 bp to 3.50%. The decision was as expected.
Timing 2:00 PM Wellington Wednesday, April 9, 2025.
What price did

NZD/USD after the RBNZ decision, minute by minute

One-minute candles, Wellington time. The box is the hour before the announcement. How we measure.

NZD/USD one-minute chart around the Reserve Bank of New Zealand decision of Apr 9, 2025 The hour before the 14:00 announcement ranged 16 pips. The first spike went above it by 19 pips, and a five-minute candle closed back inside after 40 minutes. 0.553 0.554 0.555 0.556 13:00 13:30 14:00 14:30 15:00 15:30 THE HOUR BEFORE RBNZ 14:00 Spike 0.55601 · 19 pips past the hour's high Closed back inside · 40 min
  1. The hour beforeNZD/USD ranged 16 pips, from 0.55250 to 0.55414, and was at 0.55340 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 19 pips past it.
  3. The close back A five-minute candle closed back inside the range after 40 minutes.
  4. The other side Price then traded through the opposite edge of the range within four hours.
  5. The moves From the last price before the announcement: +16 pips at 15 minutes, −0.9 pips at one hour, +3.5 pips at four hours.
For context

Across 13 measured RBNZ decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 4 (31%), and in 2 of those price then took the other side within four hours. In the other 9 the first move held. Median move in the first 15 minutes: 30 pips.

This decision is one of the closed-back cases. Counts include the decisions where it did not close back. All RBNZ dates · RBNZ overview.

← Previous decisionRBNZ, February 2025Cut 50 bp to 3.75% Next decision →RBNZ, May 2025Wed, May 28, 2:00 PM Wellington
Questions

RBNZ April 2025 decision: questions

What time was the RBNZ interest rate decision on Apr 9, 2025?

It was announced at 2:00 PM Wellington (10:00 PM EDT New York, 3:00 AM London London).

What did the RBNZ decide in April 2025?

Cut 25 bp to 3.50% (previous 3.75%). Economists expected: cut 25 bp to 3.50%, so the decision was as expected.

How did NZD/USD react to the RBNZ decision in April 2025?

On one-minute candles: the hour before ranged 16 pips; the first spike went above it by 19 pips; a five-minute candle closed back inside after 40 minutes; after one hour NZD/USD was −0.9 pips from its pre-announcement price.

By Forexia

Learn the read behind every projection.

Forexia teaches the same read this site measures: where the stops rest before a release, the hunt, and the close back that says it is done. Courses, live signals for members, and a community of traders who chart the same way.

Explore Forexia Free Telegram channel