WS News
08 Jul 2026, 08:05
RBNZ Raises Interest Rate to 2.50%, Matching Expectations
The Reserve Bank of New Zealand (RBNZ) raised its official cash rate by 25 basis points to 2.50%, in line with market expectations, as policymakers continued efforts to keep inflation under control.
The decision matched economists’ forecasts of 2.50% and marked an increase from the previous policy rate of 2.25%. The latest move extends the central bank’s tightening cycle as it seeks to ensure inflation returns sustainably to its target range.
The Reserve Bank of New Zealand (RBNZ) raised its official cash rate by 25 basis points to 2.50%, in line with market expectations, as policymakers continued efforts to keep inflation under control.
The decision matched economists’ forecasts of 2.50% and marked an increase from the previous policy rate of 2.25%. The latest move extends the central bank’s tightening cycle as it seeks to ensure inflation returns sustainably to its target range.