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.
The Reserve Bank of New Zealand announces its October monetary policy decision on 28 October 2026 at 2:00 p.m. New Zealand time, according to the Bank's calendar. The Official Cash Rate (OCR) was raised to 2.75% at the September review (September report).
What to watch
The Bank's statement and projections will show whether it sees inflation returning to target, and how far it expects to move the OCR. The decision is in the same week as the Bank of Canada, the Federal Reserve and the ECB, so the New Zealand dollar will be trading against a busy calendar.
Why it matters for NZD
New Zealand's policy rate sets the carry against the US, euro and Australian rates. The Reserve Bank of Australia raised its cash rate to 4.60% in September (report), which affects the New Zealand dollar through the Australian link. For the basics, see how to trade NZD/USD. Live prices: NZD/USD.
Sources
Common questions
When does the RBNZ announce its October 2026 decision?
The announcement is at 2:00 p.m. New Zealand time on 28 October 2026.
What is New Zealand's official cash rate?
It was raised to 2.75% at the September 2026 review.
This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money. Read the risk warning. Spotted an error? Tell the editors.
Related reading
Comments
Log in to join the discussion. Comments follow the community guidelines.
Log in to commentLoading comments…