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RBNZ says no political interference in OCR decision

RBNZ says no political interference in OCR decision

Reserve Bank governor Anna Breman has defended the decision to hold the OCR at 2.75% just 10 days out from the general election, despite the market fully expecting an interest rate increase.

Good Returns

Wed, Oct 28th 2026 04:10PM

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In a surprise move OCR held at 2.75%

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OCR hike a foregone conclusion by economists and markets

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OCR pass on rates vary from two days to five weeks

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