RBNZ Keeps OCR at 2.25% as Inflation Inches Toward Target
TL;DR
The Reserve Bank of New Zealand held the Official Cash Rate at 2.25% in February 2026, signaling inflation is likely to return to the 1–3% target in early 2026 amid ongoing recovery, strong commodity prices, resilient regional activity, and cautious household spending, with gradual policy normalization ahead.
- NZ Monetary Policy Statement - February 2026 Forex Factory
- New Zealand Holds Key Rate at 2.25% as Inflation Risks Build Bloomberg
- New Zealand Dollar Forecast: NZD/USD slides as RBNZ tempers rate expectations FOREX.com
- RBNZ Leaves Interest Rates on Hold, Expects Inflation to Soften The Wall Street Journal
- New Reserve Bank Governor keeps Official Cash Rate on hold at 2.25% NZ Herald
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