The Reserve Bank lifted the OCR from 2.25% to 2.5%, its first rise in three years.
PremiumHome / BusinessUpdatedLiam DannBusiness Editor at Large·NZ Herald·8 Jul, 2026 04:18 AM4 mins to readBusiness editor at large Liam Dann explains the latest OCR hike. Video \ Jason DordayThe only way is up.The Reserve Bank today lifted the Official Cash Rate (OCR), for the first time in three years, from 2.25% to 2.5%.
It indicated we should expect the OCR to rise further as the Reserve Bank begins the process of returning the rate to neutral, from
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Economists split on potential OCR rise
Reserve Bank hikes official cash rate to 2.5 per cent
Reserve Bank of New Zealand raises key interest rate for first time in three years
What does OCR hike mean for home loans?
Reserve Bank hikes official cash rate to 2.5 percent
Paul Conway would've considered an OCR hike last week if market conditions were different.
Markets see a 0.25% OCR hike in July as almost certain.
The Official Cash Rate remains at 2.25% ahead of Wednesday’s RBNZ review.
The Reserve Bank (RBNZ) faces a line ball call on whether to raise its benchmark interest rate for the first time in more than…
RBNZ forecasts a peak OCR of 3.25% by February 2027 under its base case.
RBNZ held the official cash rate unchanged at 2.25 percent, but only after the governor used her casting vote to break a deadlock.
