FX.co ★ RBNZ Holds Cash Rate at 2.25% as Policy Path Remains Unchanged

The Reserve Bank of New Zealand (RBNZ) has kept its benchmark interest rate unchanged at 2.25%, according to the latest policy update on 18 February 2026. The decision leaves the Official Cash Rate (OCR) at the same level as the previous reading, signaling no immediate shift in the central bank’s monetary stance.

By maintaining the rate at 2.25%, the RBNZ has opted for continuity rather than adjustment, suggesting that current economic and financial conditions did not warrant a change at this meeting. With the policy rate steady, borrowing costs for households and businesses remain anchored at existing levels, while markets will now look ahead to future RBNZ communications for any clues on the timing and direction of the next move.