Reserve Bank of New Zealand Meeting

Download Full RBNZ Preview Here: https://media.marketnews.com/MNI_RBNZ_Preview_October_2026_93b60a257e.pdf EXECUTIVE SUMMARY: * The RBNZ is widely expected to hike rates 25bp to 3.0% when it announces its decision on 28 October while maintaining its tightening bias. * The inflation outlook has deteriorated with upside risks from fuel and higher imported price pressures likely to be felt well into 2027. Inflation persistence and the risk to expectations will remain a major concern. * Given updated staff forecasts won't be published until the 9 December decision, the RBNZ is likely to keep its options open for upcoming meetings. * RBNZ-dated OIS pricing shows 23bps of tightening priced for tomorrow, while February 2027 and August 2027 assign 59bps and 107bps, respectively.

The RBNZ will deliver its latest OCR call on Wednesday.