New Zealand Central Bank Signals End to Interest Rate Cuts

Assistant Governor Karen Silk says the central bank has likely finished easing policy while monitoring inflation risks. The cash rate remains at 2.25 percent.

The Reserve Bank of New Zealand NZNZ announced on February 19, 2026, that it has finished cutting interest rates and kept its main official cash rate at 2.25%. This move signals a pause in the easing cycle and informs the central bank's near-term New Zealand monetary policy stance during the economic recovery. The decision provides immediate guidance on the end of rate cuts as policymakers continue to evaluate the broader financial environment.
The Reserve Bank of New Zealand building stands in Wellington, New Zealand, September 24, 2025. REUTERS/Marty Melville
The Reserve Bank of New Zealand building stands in Wellington, New Zealand, September 24, 2025. REUTERS/Marty Melville

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