Will the Bank of New Zealand make no change to the official cash rate after the April decision?

“Given the current economic stability and recent trends in monetary policy, it's slightly more likely that the Bank of New Zealand will maintain the current cash rate to support ongoing economic conditions.”

“Central banks rarely keep rates unchanged for extended periods. Given economic volatility and inflation pressures typical in 2026, RBNZ likely to adjust rates rather than hold steady.”

“Inflation likely remains within target range, economic growth moderate, and central banks globally in holding pattern. No strong data suggesting urgent rate change needed.”