RBNZ Tracker
Cut and then what?
The RBNZ MPC meets tomorrow and is widely expected to lower the OCR by 25bps to 3.00%, taking cumulative policy easing to 250bps.
Most of the focus therefore will be on any changes to the OCR track and tone of communications.
The May MPS OCR track bottomed at 2.85% in Q1 2026 whereas current market pricing hits around 2.75%.
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