The Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate steady at 2.25%, projecting inflation to return to its 1–3% target range within the current quarter. While the economy is in an early recovery phase with growth expected to pick up through 2026, household spending remains cautious despite increases in residential and business investment. As inflation moves steadily toward the midpoint of the target range, the central bank indicated it will normalize monetary policy gradually.


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