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NZ: Reserve Bank holds OCR at 2.25%, but warns of possible 'decisive' action in future
The Reserve Bank (RBNZ) has left the Official Cash Rate (OCR) unchanged at 2.25%, but warns that "decisive and timely" OCR increases may yet be required depending on how the country reacts to annual inflation expected to spike to 4.2% in the June quarter. The RBNZ's decision to hold the OCR was largely expected. In the lead up to Wednesday's announcement, financial markets were pricing in a minute chance of 4% that the RBNZ would move rates this week, and the New Zealand Economic Institute of Research panel of experts were overwhelmingly in favour of the OCR being held. A key point of interest ahead of this decision ... (full story)
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From @FirstSquawk|Apr 7, 2026Breman: No one strongly pushed for raising rates at today’s RBNZ meeting. Breman: Reserve Bank of NZ not near a rate hike at today’s meeting. RESERVE BANK OF NZ GOVERNOR: TIGHTER FINANCIAL CONDITIONS EXPECTED TO MODESTLY DAMPEN GROWTH. ... RESERVE BANK OF NZ GOVERNOR SAYS NEUTRAL RATE LIES WITHIN A RANGE, CENTERED AT 3.0%. ... RBNZ Governor: Frequency of rate hikes could be every meeting or every second meeting, it depends.
From @FirstSquawk|Apr 7, 2026Breman: Reserve Bank of NZ considered raising rates relatively early, including today. RBNZ Governor Breman: CPI expected at 4.2% in Q2, with forecast uncertainty. Breman says if oil prices continue to drop, RBNZ inflation forecast may be on the high side.
From youtube.com/reservebankofnz|Apr 7, 2026All OCR announcements are followed by a media conference at 3pm. Financial Stability Reports (May and November): Media conferences are at 1pm.
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- Apr 7, 2026 10:37pm Posted byFundamental Analysis21,985
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- From rbnz.govt.nz|Apr 7, 2026