Key Headlines From RBNZ's August Monetary Policy Decision

--RBNZ cuts OCR to 3% from 3.25%
--Dec 2025 OCR track trimmed to 2.7%
--Mar 2026 OCR track cut to 2.5%
--Peak OCR track trimmed to 2.8%
--March 2026 CPI forecast 2.3% vs 1.9% in May
--Headline CP...

Key Headlines From RBNZ's July Monetary Policy Meeting

--RBNZ keeps rate unchanged at 3.25%; consensus reached

--Expects to cut OCR in line with central projection, subject to inflation easing in line with central projection

--Debated 25bps cut and hold.

--Hold decided be...

RBNZ Cuts OCR By 25bps to 3.25%; Debated Hold Vs Cut

By Sophia Rodrigues

(Sydney, May 28, 2025) – The Reserve Bank of New Zealand lowered the Official Cash Rate by 25bps to 3.25% to support growth but surprised with the news the decision was not unanimous.

The RBNZ debated...

Analysis: RBNZ Highly Likely to Lower OCR 25bps Next Week

(This Analysis was first published on Friday, August 9 at 1:02 PM as an email to trialists and subscribers)

(For subscription options, please email sophia@centralbankintel.com)

--Drop in inflation expectations provides support...

RBNZ Projects Higher OCR Peak As Focus Shifts To Higher Short-ter...

By Sophia Rodrigues

(Sydney, November 23, 2022)—The Reserve Bank of New Zealand raised the official cash rate by 75bps to 4.25% and projected a peak OCR of 5.5% by September 2023 after agreeing to “act decisively” to re...

RBNZ Ups OCR 50bps to 3.0%; Highlights Broad-Based Pricing Pressu...

By Sophia Rodrigues

(Sydney, August 17, 2022)—The Reserve Bank of New Zealand raised the official cash rate by 50 basis points to 3.0% and reiterated its hawkish message by bringing forward the timing of further OCR increases.