Reserve Bank of New Zealand

Housing remains a drag on the country’s uneven economic recovery

It expects annual inflation to peak at 3.9% in the June 2026 quarter

With oil prices now easing, policymakers expect some relief for households and businesses

The central bank has provisionally forecast inflation will rise to 4.2% in the current quarter

Residential mortgage lending by finance companies has risen more than 30% since deposit insurance was introduced

[WELLINGTON] New Zealand’s top central banker on Wednesday said that measures of core inflation in the first quarter had remained stable within its target band of 1 per cent to 3 per cent, adding that it remained focused on balancing inflation control while supporting an economic recovery.

[WELLINGTON] New Zealand Reserve Bank Governor Anna Breman said on Thursday that she still expected to see the country’s economy grow in 2026, particularly if the ceasefire in the Middle East holds.

[WELLINGTON] New Zealand’s central bank kept its policy rate at 2.25 per cent on Wednesday (Apr 8) for a second straight meeting, choosing to sit tight as it gauges the economic fallout from the Middle East war – but signalling it is ready to act if inflation pressures intensify.

[AUCKLAND] The head of New Zealand’s central bank said on Tuesday that monetary policy would look through a temporary spike in energy costs from the conflict in the Middle East but higher rates could be needed if inflation threatened to become entrenched.