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RBNZ Interest Rate Decision, April 2026

The Reserve Bank of New Zealand held the Official Cash Rate at 2.25% on April 8, 2026, as expected.

Decision2.25%■ hold
Against expectedAs expectedexpected 2.25%
Previous2.25%Official Cash Rate
NZD/USD one hour later +4.7 pips from the last price before
The result

What the RBNZ decided in April 2026

The move Hold Held at 2.25%.
Against expected No surprise Economists expected: hold at 2.25%. The decision was as expected.
Timing 2:00 PM Wellington Wednesday, April 8, 2026; press conference at 3:00 PM Wellington.
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 8, 2026 The hour before the 14:00 announcement ranged 15 pips. The first spike went above it by 16 pips, and a five-minute candle closed back inside after 25 minutes. 0.579 0.580 0.581 0.582 0.583 13:00 13:30 14:00 14:30 15:00 15:30 THE HOUR BEFORE RBNZ 14:00 PRESS CONF. Spike 0.58171 · 16 pips past the hour's high Closed back inside · 25 min
  1. The hour beforeNZD/USD ranged 15 pips, from 0.57865 to 0.58012, and was at 0.57939 at the announcement.
  2. The first spike After 0 minutes price went through the hour's high and ran 16 pips past it.
  3. The close back A five-minute candle closed back inside the range after 25 minutes.
  4. The other side Price did not trade through the opposite edge within four hours.
  5. The moves From the last price before the announcement: +11 pips at 15 minutes, +4.7 pips at one hour, +44 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 2026Held at 2.25% Next decision →RBNZ, May 2026Wed, May 27, 2:00 PM Wellington
Questions

RBNZ April 2026 decision: questions

What time was the RBNZ interest rate decision on Apr 8, 2026?

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

What did the RBNZ decide in April 2026?

Held at 2.25% (previous 2.25%). Economists expected: hold at 2.25%, so the decision was as expected.

How did NZD/USD react to the RBNZ decision in April 2026?

On one-minute candles: the hour before ranged 15 pips; the first spike went above it by 16 pips; a five-minute candle closed back inside after 25 minutes; after one hour NZD/USD was +4.7 pips from its pre-announcement price.

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