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Barry Soper: How will today's OCR update impact the election?

Author
Newstalk ZB,
Publish Date
Wed, 28 Oct 2026, 5:24pm
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Reserve Bank Governor Anna Breman plays a waiting game on potential OCR hike. Image / NZME

The Reserve Bank has opted to keep the Official Cash Rate on hold at 2.75 percent, but it's likely future hikes could come.

This goes against the initial predictions by economists, who had expected another increase to the cash rate.

Newstalk ZB senior political correspondent Barry Soper says the Reserve Bank wasn't required to take the election into account - and they shouldn't have to. 

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