Economy · New Zealand · 28.10.2026 · 08:59
New Zealand holds rate at 2.75% in a 4–3 vote
RBNZ kept the rate unchanged; three members preferred an increase to 3%.
The Reserve Bank of New Zealand held its Official Cash Rate at 2.75% on 28 October 2026, by four votes to three.
The minority preferred a 25-basis-point increase to 3%. The committee considers further tightening likely but conditional on the economic outlook; it does not commit to the next decision.
Annual inflation was 3.7% in the September quarter. The medium-term target remains 2%, within a 1%–3% band.
Source: Reserve Bank of New Zealand (RBNZ)
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