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AAP
AAP
Ben McKay

Hold expected for latest NZ central bank review

RBNZ Inflation Monetary Policy New Zealand

New Zealand's central bank will notch up a year of unchanged monetary policy when it next considers the official cash rate.

All forecasts are for the Reserve Bank of New Zealand (RBNZ) to hold the OCR at 5.5 per cent on Wednesday.

After last hiking in May 2023, it has held rates at each meeting since, sitting in "watch, wait and worry" mode, according to the bank's governor Adrian Orr, hoping to see headline inflation back inside its target band.

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