Financial News: New Zealand Rate Decision On Tap For Wednesday

New Zealand Rate Decision On Tap For Wednesday

07/07/2026 - 18:02:00 (RTTNews)

(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity.

The RBNZ is expected to hike its Official Cash Rate (OCR) by 25 basis points, to 2.50 percent from 2.25 percent.

Australia will release may numbers for building approvals, with forecasts suggesting a decline of 1.1 percent on month and an increase of 5.3 percent on year. That follows the 3.4 percent monthly decline and the 10.2 percent annual jump in April.

Japan will provide May figures for current account and June data for bank lending. The current account is expected to show a surplus of 4.121 trillion yen, up from 3.908 trillion yen in April. Overall bank lending is expected to climb 5.8 percent on year, up from 5.7 percent in May.

South Korea will see May figures for current account; in April, the current account surplus was $28.29 billion.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand Rate Decision On Tap For Wednesday (01 hr(s), 04 min(s), 54 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday ...Full Story»

Three-Year Note Auction Attracts Modestly Below Average Demand (05 hr(s), 55 min(s), 54 sec(s) ago)
(RTTNews) - Kicking off this week's series of announcements of the results of its long-term se ...Full Story»

U.S. Trade Deficit Widens Substantially As Imports Surge, Exports Plunge (07 hr(s), 32 min(s), 54 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial increase ...Full Story»

Iceland Trade Gap Widens In June (09 hr(s), 38 min(s), 54 sec(s) ago)
(RTTNews) - Iceland's foreign trade deficit increased in June from a year ago as imports grew ...Full Story»

U.S. Trade Deficit Widens Substantially In May (10 hr(s), 27 min(s), 54 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial increase ...Full Story»

Czechia Inflation Eases To 4-month Low; Retail Sales Growth Rebounds (10 hr(s), 56 min(s), 54 sec(s) ago)
(RTTNews) - Czechia's consumer price inflation moderated further in June to the lowest level i ...Full Story»

Taiwan Inflation Climbs To 17-Month High (11 hr(s), 26 min(s), 54 sec(s) ago)
(RTTNews) - Taiwan's consumer price inflation accelerated further in June to the highest level ...Full Story»

German Industrial Output Growth Tops Expectations (11 hr(s), 54 min(s), 54 sec(s) ago)
(RTTNews) - Germany's industrial production grew more than expected in May despite geopolitica ...Full Story»