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[BUSINESS] · New Zealand · 23 sources

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Part of situation: New Zealand rising cost of living and trade deficit (14 clusters)

Reserve Bank of New Zealand holds OCR at 2.75% in split vote

Reserve Bank of New Zealand Official Cash Rate monetary policy inflation Anna Breman

The Reserve Bank of New Zealand (RBNZ) unexpectedly held the Official Cash Rate (OCR) at 2.75%, defying market expectations of a 25-basis-point increase to 3.00%. The Monetary Policy Committee reached a narrow 4-3 decision, with four members favoring a pause to assess previous hikes and three members advocating for an immediate increase.

While annual inflation fell to 3.7% in the September quarter, the RBNZ forecasts it will rise to 4.4% in the December quarter, driven largely by volatile fuel prices and global energy market disruptions. The central bank noted that the New Zealand dollar has fallen approximately 3% since early September, which may increase the cost of imported goods.

Governor Anna Breman indicated that the chances of a rate hike in December are high, emphasizing that all committee members agree tighter monetary policy will likely be required to return inflation to the 1% to 3% target range. The RBNZ also clarified that the upcoming November 7 general election was not a factor in the decision-making process.

Entities

Anna Breman · Chris Luxon · Monetary Policy Committee · New Zealand · Nicola Willis · Reserve Bank of New Zealand · Westpac

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Evelyn Herrmann (BofA) : «Les taux de la BCE sont trop restrictifs pour la France et l’Allemagne» [www.agefi.fr]
ANZ survey shows consumer inflation expectations easing, but still topping 4% [www.interest.co.nz]
Fed lässt Zinsen trotz 3,7 Prozent Inflation unverändert: Was das für Ihr Depot bedeutet [www.tz.de]
Fed lässt Zinsen trotz 3,7 Prozent Inflation unverändert: Was das für Ihr Depot bedeutet [www.hna.de]
Fed lässt Zinsen trotz 3,7 Prozent Inflation unverändert: Was das für Ihr Depot bedeutet [www.kreiszeitung.de]
Fed lässt Zinsen trotz 3,7 Prozent Inflation unverändert: Was das für Ihr Depot bedeutet [www.mannheim24.de]
New Zealand ANZ Business Confidence Rises to 52.5, Pricing Intentions Reach 52.2 [www.actionforex.com]
RBNZ’s Breman says chances of a December rate hike are high after surprise hold at 2.75% [investinglive.com]
New Zealand interest rates held in surprise dovish call [theqldr.com.au]
Economy – OCR on hold but probably only temporarily – Cotality Analysis [livenews.co.nz]
New Zealand interest rates held in surprise call [www.perthnow.com.au]
La BCE garde ses taux stables et laisse décembre en suspens [lesinguliersete.fr]
Fed lässt Zinsen trotz 3,7 Prozent Inflation unverändert: Was das für Ihr Depot bedeutet [www.leinetal24.de]
US-Notenbank hält Leitzins fest – Warsh ordnet Strategie-Termine neu [www.it-boltwise.de]
‘Whiplash’: Retailers relief at cash rate hold replaced by dollar dive [insideretail.co.nz]
Dollar holds steady ahead of Fed rate decision [www.sanjuandailystar.com]
RBNZ Shocks Markets With 4-3 Vote To Hold OCR [whatsoninvers.nz]
Nueva Zelanda frena la subida de tipos: alerta por la inflación [www.negocios.com]
New Zealand central bank unexpectedly holds rates, signals likely hikes [www.businesstimes.com.sg]
RBNZ holds OCR at 2.75% – TRANSPORTtalk: Truck and Industry Equipment News [transporttalk.co.nz]
RBNZ surprises markets: New Zealand Dollar slumps after unexpected rate decision ✂️ [www.europesays.com]
刚刚！新西兰央行暂停加息！官方现金利率仍为…… [www.chineseherald.co.nz]
RBNZ holds OCR at 2.75% in split vote [autotalk.co.nz]