New Zealand’s RBNZ expected to hike rate in another close-call decision

OCR raised to 2.5% and may go higher

Reserve Bank Governor Anna Breman. Photo: RNZ Gyles Beckford of RNZ The Reserve Bank has raised the Official Cash Rate for the first time in more than three years to tackle inflation pressures, and signalled more increases this year.

Reserve Bank lifts Official Cash Rate to 2.5%

It’s the first time the OCR has been raised since May 2023.

Reserve Bank hikes OCR to 2.5%

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New Zealand’s RBNZ expected to hike rate in another close-call decision

The Reserve Bank of New Zealand (RBNZ) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) from 2.25% to 2.50% on Wednesday, snapping a three-consecutive-meeting pause.  Economists are deeply divided about how the Kiwi central bank will proceed this time after the last decision to hold the cash rate steady was a very close call, increasing the chances of higher volatility around the decision.    The RBNZ interest ra…

Reserve Bank raises OCR to 2.50% as inflation risks persist

The Reserve Bank has increased the Official Cash Rate (OCR) by 25 basis points to 2.50%, signalling that further tightening may be required as it works to return inflation to its 2% target. The Monetary Policy Committee said the recent partial reopening of the Strait of Hormuz had driven oil and other petrochemical prices lower, easing short-term inflation pressures. However, it warned that the effects of the earlier energy shock would continue …

CoinStats - RBNZ Faces Another Split Decision as Markets ...

BitcoinWorld RBNZ Faces Another Split Decision as Markets Anticipate July Rate Hike The Reserve Bank of New Zealand (RBNZ) is bracing for another divided interest-rate decision at its upcoming July meeting, as financial markets increasingly price in a potential hike to the Official Cash Rate (OCR). The prospect of a split vote underscores deepening uncertainty over the pace of disinflation and the resilience of the domestic economy. Markets Bet …