RBNZ Interest Rate Decision, May 2025
The Reserve Bank of New Zealand lowered the Official Cash Rate 25 bp to 3.25% on May 28, 2025, as expected.
What the RBNZ decided in May 2025
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.
- The hour beforeNZD/USD ranged 25 pips, from 0.59233 to 0.59484, and was at 0.59300 at the announcement.
- The first spike After 9 minutes price went through the hour's high and ran 0.5 pips past it.
- The close back A five-minute candle closed back inside the range after 10 minutes.
- The other side Price did not trade through the opposite edge within four hours.
- The moves From the last price before the announcement: +26 pips at 15 minutes, +21 pips at one hour, +31 pips at four hours.
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.
RBNZ May 2025 decision: questions
What time was the RBNZ interest rate decision on May 28, 2025?
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 May 2025?
Cut 25 bp to 3.25% (previous 3.50%). Economists expected: cut 25 bp to 3.25%, so the decision was as expected.
How did NZD/USD react to the RBNZ decision in May 2025?
On one-minute candles: the hour before ranged 25 pips; the first spike went above it by 0.5 pips; a five-minute candle closed back inside after 10 minutes; after one hour NZD/USD was +21 pips from its pre-announcement price.
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