New Zealand Reserve Bank Raises OCR Forecasts Across Multiple Quarters in 2026-2027

GateNews
The Reserve Bank of New Zealand raised its average Official Cash Rate (OCR) forecasts across multiple quarters on May 27. The RBNZ lifted its Q3 2026 OCR forecast from 2.28% to 2.51%, Q4 2026 from 2.38% to 2.84%, Q1 2027 from 2.52% to 3%, and Q2 2027 from 2.62% to 3.07%. The adjustments signal a tightening bias in the central bank's interest rate trajectory.
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