RBNZ MPC holds OCR at 2.25% for third consecutive meeting; says OCR likely to need earlier and larger increases than signalled in Feb monetary policy statement, signals at least two 25bp hikes by year-end; pace to depend on persistent wages/pricing vs weaker activity; NZD/USD rises.

2026-05-27

RBNZ MPC holds OCR at 2.25% for third consecutive meeting; says OCR likely to need earlier and larger increases than signalled in Feb monetary policy statement, signals at least two 25bp hikes by year-end; pace to depend on persistent wages/pricing vs weaker activity; NZD/USD rises.