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Economic Buzz: New Zealand central bank stays on hold as inflation eases
18-Feb-2026 10:25
The Reserve Bank of New Zealand kept its official cash rate unchanged at 2.25% in February, maintaining an accommodative stance as earlier rate cuts continue to support the economic recovery. Inflation remains slightly above the 1'3% target range but easing price and wage pressures are expected to steer it back toward the 2% midpoint. Recent GDP growth has been supported by firmer export prices and improved investment, though household spending and labor market conditions remain soft. Policymakers described risks as broadly balanced and reiterated that future moves will be guided by incoming data.

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