RBNZ Interest Rate Decision, September 2026
The Reserve Bank of New Zealand raised the Official Cash Rate 25 bp to 2.75% on September 2, 2026, as expected.
What the RBNZ decided in September 2026
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 11 pips, from 0.58852 to 0.58960, and was at 0.58952 at the announcement.
- The first spike After 0 minutes price went through the hour's low and ran 42 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: −35 pips at 15 minutes, −37 pips at one hour, −53 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 September 2026 decision: questions
What time was the RBNZ interest rate decision on Sep 2, 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 September 2026?
Raised 25 bp to 2.75% (previous 2.50%). Economists expected: hike 25 bp to 2.75%, so the decision was as expected.
How did NZD/USD react to the RBNZ decision in September 2026?
On one-minute candles: the hour before ranged 11 pips; the first spike went below it by 42 pips; it did not close back inside within the hour; after one hour NZD/USD was −37 pips from its pre-announcement price.
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