NZD live macro board

New Zealand Macro Data Board

New Zealand dollar — high-beta commodity currency tied to dairy, agriculture, and global risk.

The New Zealand dollar (NZD), nicknamed the 'kiwi', is the official currency of New Zealand and several Pacific dependencies. It is one of the smaller G10 currencies but is among the most traded thanks to its role as a high-yielding commodity proxy.

Open NZD/USD dashboard Latest readings Release calendar New Zealand bond yields New Zealand indicators API coverage

New Zealand latest macro readings

A scan-ready view of the main NZD indicators, linking each series to its country page, latest announcement, and API endpoint.

Indicator Latest Previous Change Updated Source Links
Central Bank Policy Rate
Monetary Policy
 2.5 2.25 +0.25 2026-07-08 RBNZ Page /Release /API
Inflation Rate (CPI/HICP)
Economy
 3.1 4.1 -1 2026-07-08 Stats NZ Page /Release /API
Core Inflation
Economy
 2.7 2.7 0 2026-07-08 National Statistics Office Page /Release /API
Producer Price Index (PPI)
Economy
 3.1 4.1 -1 2026-07-08 Stats NZ Page /Release /API
Gross Domestic Product (GDP) Growth
Economy
 73.699 72.963 +0.736 2026-06-18 Stats NZ Page /Release /API
Unemployment Rate
Labor Market
 5.3 5.4 -0.1 2026-05-06 Stats NZ Page /Release /API
Trade Balance
Economy
 -90 -1,670.00 +1,580.00 2026-07-08 Stats NZ Page /Release /API
10-Year Government Bond Yield
Government Bond Yields
 4.66 4.61 +0.05 2026-07-14 NZDMO Page /Release /API
Current Account Balance
Economy
 -1,008.00 -5,639.00 +4,631.00 2026-07-08 Stats NZ Page /Release /API
Dairy Exports
Economy
 2,051.56 2,259.15 -207.589 2026-07-20 Stats NZ Page /Release /API
Trade-Weighted Index (NEER)
Economy
 93.77 93.12 +0.65 2026-06-16 RBNZ Page /Release /API
Employment Level
Labor Market
 2,889,000.00 2,885,000.00 +4,000.00 2026-05-06 Stats NZ Page /Release /API

New Zealand release calendar

Upcoming and recent macro events for the NZD country view.

Top tier
Gross Domestic Product (GDP) Growth Stats NZ release calendar

GDP

Latest
73.699
Prior
72.963
Open series

NZD currency market profile

Core identifiers, trading context, and product links for the NZD market.

Currency code
NZD

New Zealand Dollar

Policy institution
Reserve Bank of New Zealand

Primary central-bank or monetary authority reference.

Primary USD pair
NZD/USD

Fast path into the FX pair dashboard and market profile.

Trading session
Sydney

Approximate primary liquidity window used across FXMacroData pages.

Symbol
NZ$

Display symbol used in product surfaces.

Also known as
kiwi

Common market shorthand where available.

New Zealand macro brief

The highest-signal pages for New Zealand include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Producer Price Index (PPI), with each page linking back to the source metadata, release history, and API endpoint.

The Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee sets the Official Cash Rate (OCR) seven times per year. The RBNZ has a 1–3% CPI inflation target with a midpoint of 2%, and four of its decisions each year are accompanied by a Monetary Policy Statement.

For NZD research, combine the country-level release map with the NZD/USD dashboard, release calendar, and API reference so macro events, source metadata, and FX context stay connected.

The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving the versioned API contract for developers.

What to watch
  • RBNZ OCR decision and Monetary Policy Statement.
  • Quarterly CPI from Stats NZ.
  • Monthly Stats NZ dairy export values and GDT dairy auctions.
  • Quarterly Household Labour Force Survey.
  • China activity and AUD/NZD cross.

New Zealand source map

Publisher groups represented in the checked-in coverage catalogue for this market.

Stats NZ 12 series
RBNZ 10 series
National Statistics Office 8 series
NZDMO 5 series
Central Bank 1 series
Stats NZ/RBNZ 1 series

New Zealand coverage by category

The country hub keeps rate, inflation, labour, growth, trade, credit, and market data grouped into the same reusable structure across countries.

Economy 8 / 9
Labor Market 5 / 5
Money & Credit 7 / 9
Monetary Policy 2 / 4
Government Bond Yields 5 / 5
Interest Rates 1 / 1
Additional Indicators 4 / 4

Key New Zealand indicators

Highest-signal tracked releases for rates, inflation, growth, labour markets, and external balances.

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page ~7x/year % Starts 2010-01-28 Monetary Policy
Open page

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Quarterly %YoY Starts 2015-03-31 Economy
Open page

Core Inflation

CPI excluding volatile items like food and energy.

Published page Quarterly %YoY Starts 2015-03-31 Economy
Open page

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Published page Quarterly %YoY Starts 2015-03-31 Economy
Open page

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Published page Quarterly NZD bn Starts 2000-03-31 Economy
Open page

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Quarterly % Starts 2000-03-31 Labor Market
Open page

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly NZD mn Starts 2000-03-31 Economy
Open page

10-Year Government Bond Yield

Published page Daily % Starts 2018-01-03 Government Bond Yields
Open page

Published New Zealand indicator pages

Filter by indicator name, source, cadence, or category.

Economy 8 pages

Core Inflation

CPI excluding volatile items like food and energy.

Quarterly %YoY Starts 2015-03-31
Country page Country list

Current Account Balance

Measures trade in goods and services and income flows.

Quarterly NZD mn Starts 2015-03-31
Country page Country list

Dairy Exports

Monthly New Zealand dairy export value from official Stats NZ overseas merchandise trade HS10 export data.

Monthly NZD mn Starts 2015-01-31
Country page Country list

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly NZD bn Starts 2000-03-31
Country page Country list

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Quarterly %YoY Starts 2015-03-31
Country page Country list

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Quarterly %YoY Starts 2015-03-31
Country page Country list

Trade Balance

The difference between the value of a country's exports and imports.

Monthly NZD mn Starts 2000-03-31
Country page Country list

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) Starts 2015-01-31
Country page Country list
Labor Market 5 pages

Full-Time Employment

Number of persons employed full-time.

Quarterly Persons Starts 2000-03-31
Country page Country list

Part-Time Employment

Number of persons employed part-time.

Quarterly Persons Starts 2000-03-31
Country page Country list

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Quarterly % Starts 2000-03-31
Country page Country list

Unemployment Rate

Percentage of the labor force that is unemployed.

Quarterly % Starts 2000-03-31
Country page Country list
Money & Credit 7 pages

Total Domestic Credit

Net credit to central government + private sector credit. RBNZ column C+D.

Monthly NZD mn Starts 2016-12-31
Country page Country list

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly NZD mn Starts 2016-12-31
Country page Country list

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly NZD mn Starts 2016-12-31
Country page Country list

Currency in Circulation

Currency held by the public. M1 sub-component A1.

Monthly NZD mn Starts 2016-12-31
Country page Country list

Savings Deposits

On-call savings deposits. M2 incremental component B1.

Monthly NZD mn Starts 2016-12-31
Country page Country list

Term Deposits

Fixed-term deposits. M3 incremental component B2.

Monthly NZD mn Starts 2016-12-31
Country page Country list
Monetary Policy 2 pages

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

~7x/year % Starts 2010-01-28
Country page Country list
Government Bond Yields 5 pages
Interest Rates 1 pages

Overnight Deposit Rate

Overnight deposit rate at registered banks. RBNZ daily banking rates.

Monthly % Starts 2018-01-03
Country page Country list
Additional Indicators 4 pages

Tracked New Zealand data catalogue

Coverage families already represented in the FXMacroData catalogue, including pages whose detailed docs are still pending.

Economy 9 tracked

Core Inflation

CPI excluding volatile items like food and energy.

Published page Quarterly National Statistics Office Starts 2015-03-31
Country page Compare countries

Current Account Balance

Measures trade in goods and services and income flows.

Published page Quarterly Stats NZ Starts 2015-03-31
Country page Compare countries

Dairy Exports

Monthly New Zealand dairy export value from official Stats NZ overseas merchandise trade HS10 export data.

Published page Monthly Stats NZ Starts 2015-01-31
Country page Compare countries

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Published page Quarterly Stats NZ Starts 2000-03-31
Country page Compare countries

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Published page Quarterly Stats NZ Starts 2015-03-31
Country page Compare countries

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Published page Quarterly Stats NZ Starts 2015-03-31
Country page Compare countries

Retail Sales

Measures change in the total value of sales at the retail level.

Tracked in catalogue Quarterly Stats NZ Starts pending
Compare countries

Trade Balance

The difference between the value of a country's exports and imports.

Published page Monthly Stats NZ Starts 2000-03-31
Country page Compare countries

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Published page Monthly RBNZ Starts 2015-01-31
Country page Compare countries
Labor Market 5 tracked

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Published page Quarterly Stats NZ Starts 2000-03-31
Country page Compare countries

Unemployment Rate

Percentage of the labor force that is unemployed.

Published page Quarterly Stats NZ Starts 2000-03-31
Country page Compare countries
Money & Credit 9 tracked

Total Domestic Credit

Net credit to central government + private sector credit. RBNZ column C+D.

Published page Monthly National Statistics Office Starts 2016-12-31
Country page Compare countries

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Published page Monthly RBNZ Starts 2016-12-31
Country page Compare countries

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Published page Monthly RBNZ Starts 2016-12-31
Country page Compare countries

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Tracked in catalogue Monthly RBNZ Starts 2016-12-31
Compare countries

Currency in Circulation

Currency held by the public. M1 sub-component A1.

Published page Monthly National Statistics Office Starts 2016-12-31
Country page Compare countries

Savings Deposits

On-call savings deposits. M2 incremental component B1.

Published page Monthly National Statistics Office Starts 2016-12-31
Country page Compare countries

Term Deposits

Fixed-term deposits. M3 incremental component B2.

Published page Monthly National Statistics Office Starts 2016-12-31
Country page Compare countries

Transaction Deposits

Demand deposits. M1 sub-component A2.

Published page Monthly National Statistics Office Starts 2016-12-31
Country page Compare countries

Private Sector Credit

Loans, debt securities, and other credit to private sector. RBNZ column D.

Tracked in catalogue Monthly National Statistics Office Starts pending
Compare countries
Monetary Policy 4 tracked

Central Bank Total Assets

Total assets on the central bank's balance sheet, reflecting the scale of monetary policy operations including quantitative easing programs.

Tracked in catalogue Monthly RBNZ Starts pending
Compare countries

Foreign Exchange Reserves

Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.

Tracked in catalogue Monthly RBNZ Starts pending
Compare countries

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

Published page ~7x/year RBNZ Starts 2010-01-28
Country page Compare countries
Government Bond Yields 5 tracked
Interest Rates 1 tracked

Overnight Deposit Rate

Overnight deposit rate at registered banks. RBNZ daily banking rates.

Published page Monthly National Statistics Office Starts 2018-01-03
Country page Compare countries
Additional Indicators 4 tracked

NZD market drivers

Evergreen macro forces to keep beside the country data table.

Driver 1

RBNZ Official Cash Rate and Monetary Policy Statement.

Driver 2

Official monthly dairy export values from Stats NZ and Global Dairy Trade (GDT) auction prices.

Driver 3

AU-NZ and US-NZ 2-year yield differentials.

Driver 4

China and Australia growth — New Zealand's biggest trading partners.

Driver 5

New Zealand CPI (quarterly) and labour-market data (HLFS).

Driver 6

Risk sentiment — NZD has high beta to global equity moves.

NZD questions traders ask

Currency-specific context that helps interpret the country data before moving into endpoints or dashboards.

Why is the New Zealand dollar called the 'kiwi'?

The New Zealand one-dollar coin features the kiwi, a flightless bird native to New Zealand. Traders adopted 'kiwi' as the FX nickname for the currency in the 1980s.

How often does the RBNZ change interest rates?

The RBNZ Monetary Policy Committee makes seven scheduled OCR decisions per year. Four of those are accompanied by a full Monetary Policy Statement with updated forecasts and a press conference.

How does dairy affect NZD?

Dairy is one of New Zealand's largest single export categories. The FXMacroData API exposes official monthly Stats NZ dairy export values at /api/v1/announcements/nzd/dairy_exports, while the fortnightly Global Dairy Trade auction remains an important market price signal. Strong dairy receipts usually support export income and can move the NZD.

Explore other countries

Move laterally into another country hub while keeping the same indicator-first structure.

Argentina (ARS) Australia (AUD) Bolivia (BOB) Brazil (BRL) Canada (CAD) Chile (CLP) China (CNY) Colombia (COP) Czechia (CZK) Denmark (DKK) Eurozone (EUR) Hong Kong (HKD) Hungary (HUF) Iceland (ISK) India (INR) Indonesia (IDR)