Paul Conway

Chief Economist, Reserve Bank of New Zealand

Appears in 1 story

Last updated Oct 31, 2026

Stories

RBNZ holds rates at 2.75% in split vote, defying hike expectations

Money Moves

Voted for a 25-basis-point hike; part of the 3-member minority

New Zealand's central bank held its official cash rate at 2.75% on Wednesday, 28 October, in a 4-3 vote. Economists and markets had largely expected a rise to 3%. The New Zealand dollar fell about 1.3% to 56.1 US cents after the decision.

Updated Oct 31