RBNZ Interest Rate Decision, October 2025
The Reserve Bank of New Zealand lowered the Official Cash Rate 50 bp to 2.50% on October 8, 2025, 25 bp more dovish than expected.
What the RBNZ decided in October 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 7.4 pips, from 0.57913 to 0.57987, and was at 0.57948 at the announcement.
- The first spike After 0 minutes price went through the hour's low and ran 53 pips past it.
- The close back No five-minute candle closed back inside the range within the hour: the first move held.
- The other side Not measured: it needs a close back first.
- The moves From the last price before the announcement: −45 pips at 15 minutes, −44 pips at one hour, −51 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 where the first move held. Counts include the decisions where it did not close back. All RBNZ dates · RBNZ overview.
RBNZ October 2025 decision: questions
What time was the RBNZ interest rate decision on Oct 8, 2025?
It was announced at 2:00 PM Wellington (9:00 PM EDT New York, 2:00 AM London London).
What did the RBNZ decide in October 2025?
Cut 50 bp to 2.50% (previous 3.00%). Economists expected: cut 25 bp to 2.75%, so the decision was 25 bp more dovish than expected.
How did NZD/USD react to the RBNZ decision in October 2025?
On one-minute candles: the hour before ranged 7.4 pips; the first spike went below it by 53 pips; it did not close back inside within the hour; after one hour NZD/USD was −44 pips from its pre-announcement price.
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