Economy · ✓ 2 sources
Next Reserve Bank rate decision is 28 October; Westpac expects a pause
The Reserve Bank raised the Official Cash Rate to 2.75% in September and its next decision is on 28 October (Westpac IQ, financecalendar). Westpac expects a pause then and a hike to 3% in December.
The rate sets mortgage and savings rates.
Fixed rates may stay elevated.
One bank's forecast; markets differ.
DailyDrop New Zealand edition No. 6 · Morning · SAT., OCT. 10, 2026