02 Sep 2026
1 month ago
451 views
The Reserve Bank raised the Official Cash Rate to 2.75% and expects the economic recovery to strengthen and broaden, supported by a resilient export sector and increased household spending. Inflation is anticipated to return to the mid-point of the target range, boosting purchasing power. Finance Minister Nicola Willis welcomed the assessment, highlighting the economy's resilience amid global challenges and the export-driven nature of the recovery.
02 Sep 2026
1 month ago
489 views
Finance Minister Nicola Willis welcomed the Reserve Bank’s assessment that the economic recovery is resuming and expected to broaden, highlighted by a 0.25 basis point increase in the Official Cash Rate to 2.75 percent. The Reserve Bank anticipates a strengthening recovery driven by a resilient export sector, increased household spending, and rising purchasing power as inflation moves toward the target range. Willis emphasized the economy’s resilience amid global challenges and noted that this recovery is export-led rather than reliant on rising house prices, offering a positive outlook despite ongoing difficulties.