# 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.

- Canonical URL: https://forextradingcommunity.com/news/rbnz-october-2026-decision-preview/
- Type: Preview
- Published: 2026-10-27
- Updated: 2026-10-27
- Publisher: Forex Trading Community (https://forextradingcommunity.com), FTC Editorial Team
- Currencies: NZD

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](/news/rbnz-raises-ocr-to-2-75-september-2026/)).

## 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](/news/rba-raises-cash-rate-4-60-percent-september-2026/)), which affects the New Zealand dollar through the Australian link. For the basics, see [how to trade NZD/USD](/news/how-to-trade-nzd-usd/). Live prices: [NZD/USD](/markets/nzd-usd/).

## Sources

- [Reserve Bank of New Zealand: Monetary policy review and OCR decision calendar, October 2026](https://www.rbnz.govt.nz/news-and-events/events/2026/october/monetary-policy-review-and-ocr-october-2026)

## 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.

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This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money.