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"Wasn't that tight": Reserve Bank Governor unpacks decision to hold OCR after split vote

Author
Newstalk ZB,
Publish Date
Thu, 28 May 2026, 8:10am
Reserve Bank Governor Dr Anna Breman during her press conference after announcing the Official Cash Rate (OCR) is to remain unchanged at 2.25%., Wellington, New Zealand, May 27, 2026. Photo / Mark Mitchel
Reserve Bank Governor Dr Anna Breman during her press conference after announcing the Official Cash Rate (OCR) is to remain unchanged at 2.25%., Wellington, New Zealand, May 27, 2026. Photo / Mark Mitchel

"Wasn't that tight": Reserve Bank Governor unpacks decision to hold OCR after split vote

Author
Newstalk ZB,
Publish Date
Thu, 28 May 2026, 8:10am

The Reserve Bank Governor is feeling good about her captain's call to keep the Official Cash Rate unchanged at 2.25%. 

Anna Breman made the final decision after the six-member Monetary Policy Committee she chairs was evenly split on whether to hike the rate. 

Breman says she understands the argument for hiking but told Mike Hosking she doesn't think now's the right time. 

She says financial markets have already tightened quite a lot, and the economy is slowing down, which will reduce pressure on inflation over the medium term. 

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