NZD jumps - RBNZ holds OCR at 2.25% by casting vote as committee splits 3-3 on rate hike
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The RBNZ held its OCR at 2.25% today by the governor's casting vote after a 3-3 committee split, signalling rates will need to rise sooner and by more than expected as inflation heads for 4.3%. Summary: Source: RBNZ Monetary Policy Statement and minutes, May 27, 2026 The MPC vote
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