Monetary Policy · 15/06/2026 · 15:42 NZT
A memorandum of understanding between the United States and Iran has cut Brent crude prices from near US$93 a barrel to US$83-87, creating scope for New Zealand 91 petrol to fall toward $2.80 a litre if tanker traffic through the Strait of Hormuz resumes and insurance markets normalise. The relief remains conditional on sustained de-escalation and carries direct implications for the Reserve…
Economic Data · 15/06/2026 · 07:36 NZT
New Zealand's gross domestic product is forecast to grow between 0.7 and 1.0 percent in the March 2026 quarter on a seasonally adjusted basis.
Monetary Policy · 08/06/2026 · 09:10 NZT
The Reserve Bank of New Zealand expects headline inflation to reach 4.3 per cent in the September 2026 quarter after the Strait of Hormuz disruption drives up fuel costs. Markets price an official cash rate peak of 3.7 per cent by the end of 2027, above the central bank's conditional 3.2 per cent path.
Monetary Policy · 03/06/2026 · 12:02 NZT
New Zealand's unemployment rate fell to 5.3 per cent in the March 2026 quarter, the first decline since December 2021. This points to pre-oil-shock momentum in the labour market. Yet the sharp drop in April consumer and business confidence, alongside Australia's proactive rate hike, signals transmission risks that could stall the recovery and prompt tighter policy later in the year.
Banking · 28/05/2026 · 10:36 NZT
Kiwibank raised its nine-month term deposit rate by 15 basis points to 3.55 percent and its one-year rate by five basis points to 3.9 percent on 28 May 2026, becoming the first major bank to adjust offerings after the Reserve Bank held the official cash rate steady at 2.25 percent.
Monetary Policy · 27/05/2026 · 14:31 NZT
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.25 percent on 27 May 2026. The Monetary Policy Committee cited the need for more data on the inflation spike triggered by the Middle East conflict before any adjustment.
Banking · 27/05/2026 · 06:22 NZT
Around 43 percent of New Zealand residential mortgage debt will reprice in the next six months, driving many households toward higher costs even while the Reserve Bank holds the Official Cash Rate at 2.25 percent.
Breaking · Monetary Policy · 25/05/2026 · 12:36 NZT
The Reserve Bank of New Zealand will release its Monetary Policy Statement and OCR decision on 27 May 2026, one day before Finance Minister Nicola Willis delivers Budget 2026 on 28 May. This rare back-to-back timing tests both institutions' credibility under an Iran-driven energy shock that has already altered pre-conflict fiscal optimism.
Banking · 25/05/2026 · 08:52 NZT
ASB Bank forecasts inflation above 4 per cent for the rest of 2026, citing supply-chain effects from the Middle East conflict that prompted the Reserve Bank to hold the official cash rate at 2.25 per cent in April.
Monetary Policy · 20/05/2026 · 08:36 NZT
The net share of Auckland households expecting house prices to rise over the next year has more than halved to 14 per cent in the three months to April 2026, the largest regional drop recorded in the latest ASB Housing Confidence survey.
Fiscal · 19/05/2026 · 16:15 NZT
The Treasury released its April 2026 titles of advice to Ministers on 19 May 2026. The list shows focused preparation for Monetary Policy Committee transparency changes and the government's response to the National Infrastructure Plan.
Monetary Policy · 18/05/2026 · 13:27 NZT
Australian consumer sentiment has collapsed to multi-decade lows, the clearest leading indicator that the economy heads toward its first recession since 1991.
Monetary Policy · 18/05/2026 · 10:15 NZT
Markets have repriced a 0.25 percentage point OCR hike in July as almost certain after the Middle East conflict drove sharp rises in global oil prices and lifted near-term inflation expectations.
Economic Data · 15/05/2026 · 15:52 NZT
Diesel prices in New Zealand rose 94.9 percent in the two months to April 2026, the largest sustained spike in at least 15 years, Stats NZ data show.
