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fxJul 8, 2026, 2:20 AM

RBNZ Hikes Rate by 25bps to 2.50% as Expected

The Reserve Bank of New Zealand raised its official cash rate by 25 basis points to 2.50%, in line with market expectations.

NZDUSD

The Reserve Bank of New Zealand (RBNZ) delivered a widely anticipated 25-basis-point rate hike on Wednesday, lifting the Official Cash Rate (OCR) from 2.25% to 2.50% after its June monetary policy meeting.

The move underscores the central bank's continued tightening cycle as it seeks to curb inflation. Markets had fully priced in the increase, so the focus now shifts to the accompanying statement for forward guidance.

Source: FXStreet Forex News