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25 Sept 2026 · 01:30 GMT+3

New Zealand Dollar grinds lower as US bond yields climb to new highs

The Reserve Bank of New Zealand (RBNZ) has its Official Cash Rate (OCR) at 2.75%, and markets now price at least a 75% chance that it goes to 3% on October 28, against about 30% right after the September 2 hike. NZD/USD is trading just above 0.5650, its lowest since late June.

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