RBNZ Raises OCR 25bps to 2.50%

By Sophia Rodrigues

Published On 08 Jul 2026 , 12:30 PM

The 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 Dec Qtr Construction Work Done Fell -0.1% q/q

Value of construction work done in Australia fell -0.1% q/q in the December quarter and rose 3.0% y/y, data from the...

Published on : 25 Feb 2026 , 11:38 AM
RBNZ increases monetary policy meetings to eight from seven

The Reserve Bank of New Zealand will have eight monetary policy meetings a year from 2027, up from seven. 

...

Published on : 19 Feb 2026 , 02:36 PM
Australia Jan Unemployment Rate Stays at 4.1%

Australia's unemployment rate was unchanged at 4.1% in January, data from the Australian Bureau of Statistics sho...

Published on : 19 Feb 2026 , 11:39 AM
RBNZ Leaves OCR unchanged at 2.25%

The Reserve Bank of New Zealand kept the Official Cash Rate unchanged at 2.25%, meeting expectations. 

Published on : 18 Feb 2026 , 12:08 PM
Australia Wage Price Index Rises 3.4% y/y in December Qtr

Australia's wage price index rose 0.8% q/q in the December 2025 quarter, leaving the y/y pace unchanged at 3.4%,...

Published on : 18 Feb 2026 , 11:38 AM
RBA Lifts Cash Rate to 3.85%

The Reserve Bank of Australia raised the cash rate by 25bps to 3.85%, marking a quick turnaround from a 25bps cut del...

Published on : 03 Feb 2026 , 02:37 PM
RBA Maintains Cash Rate at 3.60%

The Reserve Bank of Australia left the cash rate unchanged at 3.60%, judging it appropriate to remain cautious w...

Published on : 09 Dec 2025 , 02:45 PM
RBNZ Trims OCR 25bps to 2.25%

The RBNZ cut the Official Cash Rate by 25bps to 2.25%, and flagged this may be the end of the easing cycle.

Published on : 26 Nov 2025 , 12:13 PM
RBA Cash Rate Steady at 3.60%

The Reserve Bank of Australia kept the cash rate unchanged at 3.60%, citing remaining inflationary pressure, pri...

Published on : 04 Nov 2025 , 02:36 PM
RBNZ lowers OCR 50bps to 2.5%

The RBNZ cut the Official Cash Rate by 50bps to 2.5% citing prolonged spare capacity and the associated downside...

Published on : 08 Oct 2025 , 12:15 PM