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.
LATEST SNIPPETS
No RBA Rate Cut Call from Any Big Four Bank Yet?
I must say I am surprised none of big four banks have made RBA rate cut call......yet
Published on : 12 Feb 2019 , 07:05 AMRBA may not turn dovish yet but acknowledge balance of risks have changed
One of the most awaited RBA cash rate statements is due today and hardly likely to be exciting. Key themes would...
Published on : 05 Feb 2019 , 07:02 AMAPRA will Change Loan Serviceability Floor
Given there isn't any other quantitative restriction with respect to macroprudential policy for housing market th...
Published on : 31 Jan 2019 , 06:33 AMRBA Would Change Next Move Up Guidance
Two factors were key to RBA's next rate move up guidance -- Fed and BOC rate hike paths. It was hardly about...
Published on : 10 Jan 2019 , 06:29 AMHappy New Year
Happy New Year everyone. After a mixed 2018, I am looking forward to creating special memories in 20...
Published on : 02 Jan 2019 , 06:28 AMAustralia's export -- the term GFC
How many knew this? The label ‘GFC’ was an export from Australia to the rest of the world - Guy Debelle Published on : 06 Dec 2018 , 05:44 AM