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
Australia July monthly CPI up 3.5% y/y
Australia's monthly Consumer Price Index Indicator rose 3.5% y/y in July compared with a 3.8% rise in June, data...
Published on : 28 Aug 2024 , 11:40 AMRBA leaves cash rate unchanged at 4.35%
The Reserve Bank of Australia left the cash rate unchanged at 4.35% at the August board meeting and reiterated the me...
Published on : 06 Aug 2024 , 02:41 PMNew Zealand Q2 inflation surprises to downside
Headline consumer price index inflation rose 0.4% q/q in Q2, resulting in a slowing in the y/y pace to 3.3% versus 4....
Published on : 17 Jul 2024 , 08:51 AMRBNZ Leaves OCR Unchanged at 5.5%
At the July Monetary Policy Review, the RBNZ kept the Official Cash Rate unchanged at 5.5%, saying monetary policy wi...
Published on : 10 Jul 2024 , 12:31 PMAnalysis: RBA Lowe’s Forward Guidance Viewed Through CB-Intel Stories
CB-Intel's last published article reviews RBA's forward guidance through the lens of CB-Intel stories.
... Published on : 08 Jan 2023 , 11:32 PMAustralia AOFM’s CEO Rob Nicholl To Join IMF
The chief executive of the Australian Office of Financial Management Rob Nicholl is leaving to join the International...
Published on : 22 Jul 2022 , 04:34 PMRBA Lowe's speech on Wed not under embargo
RBA Governor Philip Lowe will deliver a speech on July 20, but the speech will not be released under embargo, the RBA...
Published on : 19 Jul 2022 , 04:03 PMRBNZ Hike 50bps to 2.5%
The Reserve Bank of New Zealand raised the official cash rate by 50bps for the third meeting in a row, taking the rat...
Published on : 13 Jul 2022 , 12:57 PMRBA raises cash rate 50bps to 1.35%
The Reserve Bank of Australia has increased the cash rate target by 50bps to 1.35%, marking two consecutive 50-basis-...
Published on : 05 Jul 2022 , 03:03 PMWestpac also ups RBA cash rate forecast to 2.1% by Dec (from 1.75%)
Westpac chief economist Bill Evans has raised his forecast for RBA cash rate, now expecting the policy rate to end 20...
Published on : 07 Jun 2022 , 05:21 PM