The Reserve Bank of New Zealand held the Official Cash Rate (OCR) at 2.25%, signaling a patient approach to monetary policy. Updated projections show inflation returning to the target band, with annual CPI forecast to hit 2.1% by March 2027.

Looking further ahead, the central bank expects the OCR to rise modestly to 2.52% by early 2027 (revised from a previous 2.34% estimate) and reach 3.0% by March 2029. Additionally, the RBNZ projects the NZD Trade-Weighted Index to stabilize around 68.0 by the same March 2027 period.


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