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RBNZ Holds Rates Steady Amid Inflation Concerns

2/17/2026

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Story summary
  • The Reserve Bank of New Zealand is expected to hold Official Cash Rate at 2.25% on Feb. 18, 2026.
  • Recent inflation data, including rising food prices, has raised questions about the bank's previous easing stance.
  • ING forecasts two rate hikes starting in the third quarter of 2026, reaching 2.75% by year-end.
  • The RBNZ's tone could influence the New Zealand dollar, with dovishness weakening it and hawkishness supporting it.