OCR Increased to 2.50%: What the July 2026 Rate Rise Means for NZ Borrowers
The Reserve Bank of New Zealand has increased the Official Cash Rate (OCR) by 25 basis points, taking it from 2.25% to 2.50% following its July 2026 review. For New Zealand borrowers, this marks an important change in direction. After holding the OCR at 2.25% through the earlier reviews of 2026, the Reserve Bank has … Read more