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Over half of Shadow Board members recommend a 25-basis-point OCR hike in September

August 31, 2026

The NZIER Monetary Policy Shadow Board recommends that the Reserve Bank of New Zealand (RBNZ) continue to increase the OCR in the upcoming September Monetary Policy Statement, with just over half of the Shadow Board members recommending a 25-basis-point increase to bring the OCR to 2.75 percent.

Read the release here.

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