RBNZ Leaves OCR unchanged at 2.25%

By Sophia Rodrigues

The 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.