RBNZ Interest Rate Decision, October 2026
The Reserve Bank of New Zealand held the Official Cash Rate at 2.75% on October 28, 2026, 25 bp more dovish than expected.
What the RBNZ decided in October 2026
What visitors called before the RBNZ decision
Voting closed at the announcement. Votes are opinions, not a forecast. How votes are counted.
What will the RBNZ do?
Closed at the decision.
The RBNZ held at 2.75%.
Which play happens on NZD/USD?
Closed at the decision.
NZD/USD after the RBNZ decision, minute by minute
One-minute candles, Wellington time. The box is the hour before the announcement. How we measure.
- The hour beforeNZD/USD ranged 11 pips, from 0.56742 to 0.56849, and was at 0.56751 at the announcement.
- The first spike After 0 minutes price went through the hour's low and ran 93 pips past it.
- The close back No five-minute candle closed back inside the range within the hour: the first move held.
- The other side Not measured: it needs a close back first.
- The moves From the last price before the announcement: −81 pips at 15 minutes, −60 pips at one hour, −68 pips at four hours.
Across 13 measured RBNZ decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 4 (31%), and in 2 of those price then took the other side within four hours. In the other 9 the first move held. Median move in the first 15 minutes: 30 pips.
This decision is one where the first move held. Counts include the decisions where it did not close back. All RBNZ dates · RBNZ overview.
RBNZ October 2026 decision: questions
What time was the RBNZ interest rate decision on Oct 28, 2026?
It was announced at 2:00 PM Wellington (9:00 PM EDT New York, 1:00 AM London London).
What did the RBNZ decide in October 2026?
Held at 2.75% (previous 2.75%). Economists expected: hike 25 bp to 3.00%, so the decision was 25 bp more dovish than expected.
How did NZD/USD react to the RBNZ decision in October 2026?
On one-minute candles: the hour before ranged 11 pips; the first spike went below it by 93 pips; it did not close back inside within the hour; after one hour NZD/USD was −60 pips from its pre-announcement price.
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