New Zealand Set to Raise Key Rate, Decision Less of a Slam Dunk

Anna Breman, governor of the Reserve Bank of New Zealand (RBNZ), during a news conference in Wellington, New Zealand, on Wednesday, May 27, 2026. New Zealand’s central bank held interest rates for a third straight meeting, but only after policymakers were evenly split on whether to hike in order to head off medium-term inflation. Photographer: Mark Coote/Bloomberg