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'Quite a shock': How did the markets react to the OCR being kept on hold?

Author
Newstalk ZB,
Publish Date
Wed, 28 Oct 2026, 7:52pm
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The Reserve Bank moved to keep the OCR on hold, and it caused a stir among financial experts.

The markets had priced in a 95 percent chance that the cash rate would go up - resulting in a sharp weakening of the New Zealand dollar.

Milford Asset Management expert Remy Wisenberg explained the impacts further.

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