RBNZ Raises OCR 25bps to 2.50%
By Sophia Rodrigues
Published On 08 Jul 2026 , 12:30 PMThe Reserve Bank of New Zealand lifted the Official Cash Rate by 25bps to 2.50%. The decision was reached by consensus.
Describing the rate hike as a reduction in monetary stimulus, the RBNZ said the decision reflected above-target inflation and expectations of strengthening in economic activity.
Here are some key headlines:
--RBNZ Ups OCR 25bps to 2.5%
--RBNZ reaches consensus on hike decision
--Future decisions depend on incoming data, price setting, effect on medium-term inflation
--Financial conditions eased in recent weeks; OCR hike to avoid unwarranted easing
--Further OCR increases appear likely, but timing highly uncertain
--Current OCR level remains accommodative
--Gai noted recent geoeconomic shocks may have lifted neutral rate
--Hansen pointed to lower energy prices supporting stronger recovery
--Conway discussed downside risks; Breman focused on delay in consumption recovery
--Silk talked about impact on slower net immigration on activity
--Hayley emphasised upside from sustained NZD depreciation
LATEST SNIPPETS
Headlines from RBA Lowe's Speech Tuesday
RBA Lowe: No Change in View Little To Be Gained from Negative Policy Rate
RBA Lowe: Negative Policy Rate Extra...
More Headlines from RBA Policy
Any bond-buying to support 3-yr target would be in addition to A$100B QE
Not expecting to raise cash rate f...
Published on : 03 Nov 2020 , 02:35 PMHeadline from RBA's November MonPol Decision
From the RBA's November Monetary Policy Decision statement:
-Cuts cash rate target to 0.1% from 0.25%
RBA TFF drawdown steady since Sep 30 as bks await rate cut
Total amount drawdown from the RBA's Term Funding Facility has been unchanged for three straight weeks...
Published on : 30 Oct 2020 , 04:13 PMAustralia Note yields continue declining on expectation of 1bp ES rate
Yields fell further to new record lows at the AOFM weekly T-Note tenders as market factors in the possibili...
Published on : 29 Oct 2020 , 10:42 AMAustralia Note yield drop to new low ahead of RBA cuts
As expected, the yield on near-term T-Note fell to a new record low at today's AOFM's auction. The weighted a...
Published on : 22 Oct 2020 , 10:40 AMCould Australia Note Yield Drop to New Low at Auction?
Looking forward to the AOFM's weekly T-Note auctions later this morning. The record low weighted average yield fo...
Published on : 22 Oct 2020 , 10:09 AMRBA Kent's speech title
The title of RBA assistant governor Chris Kent's speech on Tuesday is a very interesting one, "The Sta...
Published on : 19 Oct 2020 , 08:19 PMAustralia Note yields drop to new low
Yields at AOFM's Treasury Note auctions dropped to new record low on ample liquidity and expectations of cut...
Published on : 01 Oct 2020 , 10:43 AMJust one investor buys entire A$2B of 2030 govt bond at tender
One bidder got the entire A$2.0 billion of the 1% December 2030 government bond at the tender today. The yield was 0....
Published on : 30 Sep 2020 , 11:20 AM