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Monetary policy review

Another one – going earlier to protect against faster, higher, later

2 Sept 2026
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Brad Olsen

Our take on the latest Monetary policy review (Wed 2 Sept 2026)

Official cash rate
OCR track
RBNZ wants to avoid
2.75%
From 2.50%
Suggests October hold and December hike
Holding OCR too long, having to raise faster, higher & later

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