[ORGANIZATION]
NZIER
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Situations
New Zealand monetary policy and inflation response
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Latest: Reserve Bank of New Zealand raises Official Cash Rate to 2.75%
The Reserve Bank of New Zealand (RBNZ) increased the Official Cash Rate (OCR) from 2.5% to 2.75%. The decision was made to return inflation to the 1% to 3% target band by mid-2027, following annual inflation reaching 4.1