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July RBNZ Decision Review
The Reserve Bank of New Zealand increased the Official Cash Rate by 25 basis points to 2.50% at its July meeting. Committee members justified the decision by pointing out that inflation remains above target, growth is expected to accelerate over the next six months and that the prevailing level of the OCR was judged to be stimulatory. The Monetary Policy Committee indicated that additional removal of monetary stimulus is likely if the economy evolves as expected. The decision was unanimous, a notable shift from the split decision recorded in May where Governor Anna Breman’s casting vote resulted in the OCR ... (full story)
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From economics.bmo.com | Jul 9, 2026
The FOMC next meets on July 28-29 with no change in policy rates expected for the fifth consecutive confab (fed funds target range at 3.50%-to-3.75%). We believe this stretch could last deep into next year, with inflation and growth dynamics arguing for maintaining current policy. Following five straight years of topping the 2% target, the PCE price index ...
