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NZ: OCR on hold at 2.25%
The Monetary Policy Committee today agreed to hold the OCR at 2.25 percent. Since the February Monetary Policy Statement, events in the Middle East have materially altered the outlook and the balance of risks for inflation and economic growth in New Zealand. In the near term, inflation is expected to increase and the economic recovery to weaken. The Committee is vigilant to any generalised inflationary pressure and stands ready to act to return inflation to its medium-term target. The Middle East conflict has disrupted global supply chains, leading to significantly higher prices for oil and refined petroleum ... (full story)
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The Monetary Policy Committee today agreed to hold the OCR at 2.25%.
— Reserve Bank of NZ (@ReserveBankofNZ) April 8, 2026
• War in the Middle East has disrupted global supply chains, raising fuel prices.
• Inflation is expected to increase in the short term and the economic recovery to weaken. The extent to which inflation… pic.twitter.com/3jrcuCgdUW
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RBNZ: Should these conditions not hold, timely and decisive increases in the OCR would be warranted.
— First Squawk (@FirstSquawk) April 8, 2026
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RBNZ: BY KEEPING THE OCR UNCHANGED, THE COMMITTEE IS WEIGHING THE BENEFITS OF ACTING EARLY AGAINST THE RISK OF UNNECESSARILY CONSTRAINING THE ECONOMIC RECOVERY. ...
— MarketNewsFeed (@MarketNews_Feed) April 8, 2026
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RBNZ: The Committee continues to monitor for widespread inflationary pressures and is prepared to take action if necessary to bring inflation under control.
— First Squawk (@FirstSquawk) April 8, 2026
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