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

RBNZ Interest Rate Decision, July 2025

The Reserve Bank of New Zealand held the Official Cash Rate at 3.25% on July 9, 2025, as expected.

Decision3.25%■ hold
Against expectedAs expectedexpected 3.25%
Previous3.25%Official Cash Rate
NZD/USD one hour later −10 pips from the last price before
The result

What the RBNZ decided in July 2025

The move Hold Held at 3.25%.
Against expected No surprise Economists expected: hold at 3.25%. The decision was as expected.
Timing 2:00 PM Wellington Wednesday, July 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 Jul 9, 2025 The hour before the 14:00 announcement ranged 15 pips. The first spike went above it by 12 pips, and a five-minute candle closed back inside after 25 minutes. 0.598 0.599 0.600 0.601 13:00 13:30 14:00 14:30 15:00 15:30 THE HOUR BEFORE RBNZ 14:00 Spike 0.60140 · 12 pips past the hour's high Closed back inside · 25 min
  1. The hour beforeNZD/USD ranged 15 pips, from 0.59866 to 0.60020, and was at 0.59973 at the announcement.
  2. The first spike After 1 minute price went through the hour's high and ran 12 pips past it.
  3. The close back A five-minute candle closed back inside the range after 25 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, −10 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, May 2025Cut 25 bp to 3.25% Next decision →RBNZ, August 2025Wed, Aug 20, 2:00 PM Wellington
Questions

RBNZ July 2025 decision: questions

What time was the RBNZ interest rate decision on Jul 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 July 2025?

Held at 3.25% (previous 3.25%). Economists expected: hold at 3.25%, so the decision was as expected.

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

On one-minute candles: the hour before ranged 15 pips; the first spike went above it by 12 pips; a five-minute candle closed back inside after 25 minutes; after one hour NZD/USD was −10 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