Markets · Medium impact

Reserve Bank of New Zealand Monetary Policy Review

Oct 28, 2026, 2:00 p.m. Wellington (9:00 p.m. ET on Oct 27)

The first of five central-bank decisions in three days, and the one most fully priced for an increase. New Zealand's second-quarter inflation was 4.1%, above the 1% to 3% target.

Previous: Official cash rate 2.75%

Expected: About 80% to 85% odds of a 25 bp hike to 3.00% in market pricing as of October 19 (Admiral Markets review); BNZ and ASB expect a hike, Westpac a pause until December