RBNZ Leaves OCR unchanged at 2.25%
By Sophia Rodrigues
Published On 18 Feb 2026 , 12:08 PMThe Reserve Bank of New Zealand kept the Official Cash Rate unchanged at 2.25%, meeting expectations.
The forward OCR tracker pointed to a rate hike by the end of 2026, which was earlier than signalled in November, but slightly later vs market expectations.
The decision was unanimous. The RBNZ said it monetary policy will remain accommodative for some time, and as recovery strengthens and inflation falls sustainably towards the target midpoint, the settings will gradually normalise.
LATEST SNIPPETS
Why RBNZ will Hold OCR at 1%
I am a bit surprised with market reaction to RBNZ's inflation expectations survey yesterday. While I acknowledge...
Published on : 13 Nov 2019 , 12:00 AMMarket Pricing for RBNZ Cut --How Much is "Will do"?
In their markets outlook on Nov 11, economists at BNZ wrote, "RBNZ shouldn’t cut this week but probably wi...
Published on : 13 Nov 2019 , 12:00 AMWhat does RBA's Gentle Turning Point Refer to?
RBA Governor Philip Lowe first referred to gentle turning point at the Parliamentary testimony in August when he said...
Published on : 07 Nov 2019 , 12:00 AMExpect Dovish RBA Statement, Refined Forward Guidance
It is very unusual for both market and economists to be strongly expecting a particular outcome (hold) for a RBA boar...
Published on : 05 Nov 2019 , 12:00 AMAustralia: More Reason to Buy vs Rent Dwelling
More reason to buy vs rent? For the first time since at least 2007, gross rental yields for properties in Australia&#...
Published on : 01 Nov 2019 , 12:00 AMWill RBA Debate Further Easing at Nov Meeting?
Even before the RBA Nov board meeting begins, I am curious to find out if there will be a vigorous debate about...
Published on : 30 Oct 2019 , 07:21 AMRBA Should Cut Now to Avoid QE
A few weeks back I wrote an article about how in theory the RBA could avoid QE, but to do so requires continuation of...
Published on : 31 Oct 2019 , 07:15 AMAustralia: Housing Group Numbers Disappoint Most in CPI
The most disappointing numbers in Australia Q3 CPI are the ones for housing group. Rent rose 0.4% y/y (and below 1.0%...
Published on : 30 Oct 2019 , 07:13 AMChallenges of Communication. AOFM Tender Doesn't Sell Fully
Challenges of communication!
This morning a 3-mo Aussie T-note auction received lukewarm response --A$936m...
Published on : 24 Oct 2019 , 07:08 AMRBA Debelle's speech is Dovish
RBA Debelle: Monpol is concerned about aggregate outcomes for inflation and unemployment. In that regard, unemploymen...
Published on : 17 Oct 2019 , 07:07 AM