FX.co ★ RBNZ Offshore Holdings Edge Higher in July, Extending Foreign Ownership Share

The Reserve Bank of New Zealand (RBNZ) reported a modest increase in offshore holdings in July, with the indicator rising to 56.90%, up from 55.80% in June 2026. The latest data, updated on 18 August 2026, signal a continued uptick in the share of New Zealand assets held by foreign investors.

The July reading suggests that offshore appetite for New Zealand financial instruments remained firm through mid‑winter, building on June’s level and pushing the offshore share to just under 57%. While the figures alone do not indicate the drivers behind the move, the steady month‑on‑month increase points to sustained external interest in New Zealand’s markets during this period.

With offshore holdings now nearly a full percentage point higher than a month earlier, market participants will be watching upcoming RBNZ releases for signs of whether this trend stabilises, accelerates, or reverses in the coming months. For now, the July data underline the continued importance of foreign capital in New Zealand’s financial landscape.