RBNZ Interest Rate Decision comes in at 2.75% against 3.00% consensus
| Pair | Now | Since publish |
|---|---|---|
| NZDUSD | — | — |
The Reserve Bank of New Zealand (RBNZ) announced its latest Interest Rate Decision on 2026-10-28 01:01 UTC, setting the Official Cash Rate at 2.75%. This figure came in below the market consensus expectation of 3.00%, representing a -8.3% surprise. The previous rate was 2.75%.
Following the announcement, the New Zealand Dollar saw broad weakness against major counterparts. As of 15 minutes after the release, AUDNZD traded +161 pips higher, EURNZD was up +274 pips, and GBPNZD gained +325 pips. Conversely, NZDCAD fell -109 pips, NZDCHF dropped -64 pips, NZDJPY declined -120 pips, and NZDUSD was down -79 pips. These initial moves are notably larger than historical patterns, with all pairs exceeding their respective top-quarter moves measured over past releases.