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2026-05-27 11:50:08
[The Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged, but the question of when to raise rates has shifted from "whether" to "when".] (1) The RBNZ decided to keep interest rates unchanged by a narrow margin, but the question of when to raise rates has shifted from "whether" to "when". (2) RBNZ Governor Brehman said that all committee members agreed on the future path of the Official Cash Rate (OCR), with the only difference being their preference for the timing of the first rate hike. (3) The main reasons for the committee members supporting the maintenance of the rate included: core inflation remained low, wage growth was weak, medium- to long-term inflation expectations were solid, and weak demand and tighter financial conditions could suppress the second round of inflation. (4) Brehman emphasized that the committee's current focus remains on preventing rising costs from turning into persistent inflation, and the Official Cash Rate is likely to be raised in the next few meetings.
