RBNZ's hold surprises
By Sophia Rodrigues
Published On 28 Oct 2026 , 03:22 PMCentral banks have surprised with their monetary policy decisions.
But I have never been as surprised by a decision as I am today by the RBNZ leaving the Official Cash Rate on Hold at 2.75%.
I am utterly perplexed because the final decision doesn't align with the statement and the minutes.
The reason provided is a risk, and I don't think anyone who saw the risk of a hold had global risk in mind.
What does the RBNZ know that we don't, and why wasn't it flagged via public engagements?
This looks like a mistake in my view.
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