Jamie EnsorChief Political Reporter·NZ Herald·27 May, 2026 06:00 AM4 mins to read‌The Reserve Bank has put the Official Cash Rate on hold at 2.25% when it meet this Wednesday. Liam Dann and Susie Nordqvist discuss the outcomes. Video Jason DordayNew Zealand First leader and senior Government minister Winston Peters says hiking the Official Cash Rate would have been “counterproductive for the growth in the economy”.

Prior to heading to the House this afternoon, just before the Reserve Bank announced its latest Official Cash Rate (OCR) decision, Peters answered