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Reserve Bank focuses on returning inflation to 'low and stable' level as they hold OCR

Author
Newstalk ZB,
Publish Date
Thu, 19 Feb 2026, 8:10am
Photo / Mark Mitchell
Photo / Mark Mitchell

Reserve Bank focuses on returning inflation to 'low and stable' level as they hold OCR

Author
Newstalk ZB,
Publish Date
Thu, 19 Feb 2026, 8:10am

Our new Reserve Bank Governor says she has full confidence in the people making OCR decisions. 

The Monetary Policy Committee, chaired by Anna Breman, has decided to keep the OCR unchanged at 2.25% for now. 

It says while inflation is above the target band, the economy still needs some time to recover. 

Breman told Mike Hosking the committee will make the best decisions it can, based on the data and forecasts it has access to at the time. 

She says something might look obvious in retrospect, but they're dealing with lots of global shocks constantly hitting the New Zealand economy. 

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