Kiwi pressured after surprise RBNZ hold as Fed decision looms: Oct 29, 2026
The New Zealand dollar is in focus after the RBNZ held the OCR at 2.75% in a surprise 4-3 split decision, while saying tighter policy is still likely. The surprise has raised questions around central bank rate pricing and confidence in the RBNZ. At the same time, the US dollar is consolidating weekly gains ahead of the Federal Reserve rate decision.
Updated
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Headlines (8)
Carried over from earlier days
- RBNZ holds OCR at 2.75% in surprise 4-3 vote, says tighter policy still likelyInvestingLive
- European markets brace for Fed decision as hot Australia CPI, RBNZ surprise and oil rally stir nervesInvestingLive
- RBNZ October 2026 Monetary Policy Review: Sticking with the PlanActionForex
- Forex Today: US Dollar consolidates weekly gains ahead of all-important Fed rate callFXStreet
- Macro pulse: Has the RBNZ shock exposed a bigger problem with central bank rate pricing?InvestingLive
- Kiwi Suffers as Confidence in RBNZ Fades. Forecast as of 28.10.2026LiteFinance
- RBNZ delivers surprise hold in split decisioncentralbanking.com
- Morning Kickstart: Dollar mixed ahead of Fed, BoC and Big Tech earningsInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 29 | ||
| ANZ Business Confidence | NZD | |
| Core PCE Price Index m/m | 0.3% | USD |
| Advance GDP Price Index q/q | 3.2% | USD |
| Advance GDP q/q | 3.2% | USD |
| Personal Income m/m | 0.3% | USD |
| Personal Spending m/m | 0.6% | USD |
| Unemployment Claims | 198K | USD |
| Natural Gas Storage | 75B | USD |