RBNZ hike cash rate by 25bp, as expected
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Reserve Bank of New Zealand raise rates to 2.75% from 2.5% as was widely expected. I'll have more to come on this separately, details and implications. Background previews can be found here: Economic and event calendar in Asia Wednesday, September 2, 2026 - RBZN rate hike expecte
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4 itemsRBNZ leaves its cash rate on hold at 2.25%, as widely expected
RBNZ 25bp rate hike, as widely expected
RBNZ preview: A 25bp hike, with some dovish risks
The Reserve Bank of New Zealand (RBNZ) is expected to raise its overnight cash rate by 25bps to 2.75% on September 2, 2026, a move that aligns with prevailing forecasts. However, as highlighted in the note from ING, the market anticipates a more aggressive tightening path than the RBNZ's own projections, indicating potential dovish risks that may impact the NZD. Recent inflation data, which showed a consumer price index (CPI) uptick to 4.1%, below the RBNZ's expectations, further complicates the landscape. This backdrop suggests that while a hike is widely expected, the central bank's commitment to continued tightening may face challenges ahead, particularly as markets have already priced in a tighter monetary policy by 2027 [source].
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