Reserve Bank of New Zealand meeting —
At its 8 July 2026 meeting, the Reserve Bank of New Zealand raised its policy rate from 2.25% to 2.50%. The decision passed 6-1.
Decision
hike — 2.25% to 2.50%
Vote: 6-1
Key passages
The Monetary Policy Committee today reached consensus to increase the OCR by 25 basis points to 2.50 percent.
The outlook for medium-term inflation pressures depends on the extent to which recent cost increases feed through into higher prices.
Meeting documents
Background reading
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