RBNZ decides on 28 October after raising its OCR to 2.75% in September
The Reserve Bank of New Zealand announces its October decision at 2:00 p.m. local time on 28 October. The official cash rate was raised to 2.75% in September.
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Week ahead, 26–30 October 2026: the Fed, ECB, Bank of Japan, Bank of Canada and RBNZ all decide, and US GDP lands
Five central banks decide in three days, from the Fed and the Bank of Canada on Wednesday to the ECB on Thursday and the Bank of Japan on Friday. US third-quarter GDP and September PCE inflation come on Thursday, and Europe's clocks go back on Sunday.
New Zealand annual inflation eases to 3.7% in the September quarter from 4.1%
Stats NZ reports consumer prices 3.7% higher in the year to the September 2026 quarter, down from 4.1% in June. Petrol prices fell over the quarter but stayed above a year earlier.
What the RBNZ's hike to 2.75% means for the kiwi
The Reserve Bank of New Zealand raised its OCR to 2.75% in September as fuel lifted inflation — while the economy barely grows. Here is the tension behind the hike and what it means for the kiwi.
New Zealand's economy grows 0.2% in the June quarter as construction offsets weaker transport and retail
GDP rose 0.2% after 0.9% in the March quarter, Stats NZ said on 17 September. Higher import prices cut real national disposable income by 0.4%.
RBNZ raises the official cash rate to 2.75% as fuel prices lift inflation
New Zealand's central bank delivered a second consecutive quarter-point increase on 2 September, with annual inflation at 4.1%, well above its 1–3% target band.
