Reserve Bank moves off ultra-low OCR

Jul 8, 2026 | Economy, Latest News, Money Market

8.7.26 The Reserve Bank lifted the Official Cash Rate (OCR) 25bp to 2.50% today. The the decision was reached by consensus among the members of the Monetary Policy Committee. Banking economists had been at variance leading up the decision. The BNZ commented at the start of the day "The RBNZ is widely expected to begin […]

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Reserve Bank moves off ultra-low OCR

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