New Zealand dollar slumps after RBNZ unexpectedly holds rates at 2.75%

FinanceInternationalXTB.comOct 28, 2026, 5:02 AM40 s readAI summary

The Reserve Bank of New Zealand kept its official cash rate unchanged at 2.75%, despite the market pricing in close to a 90% probability of a 25 basis point hike. The decision passed on a tight 4-3 vote and the country's five largest commercial banks had expected rates at 3.00%. The majority chose to assess the impact of the two previous hikes, with inflation at 3.7% year-on-year in the third quarter. Governor Anna Breman said further hikes are likely.

In 40 seconds

The RBNZ left the OCR at 2.75% on a 4-3 vote, against a market probability of close to 90% for a hike.
New Zealand's five largest commercial banks had expected an increase to 3.00%.
Inflation fell from 4.1% to 3.7% year-on-year in the third quarter, below the central bank's forecasts.

Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

RBNZ
Nueva Zelanda
tipos de interés
inflación
dólar neozelandés

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New Zealand dollar slumps after RBNZ unexpectedly holds rates at 2.75%

In 40 seconds

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