OCR update: Rate held steady, but what’s the outlook moving forward?

The Reserve Bank has held the Official Cash Rate at 2.25%, and while this was expected, the real story is shifting toward global tensions and rising oil prices and what it could mean for inflation.

What does this mean for interest rates and inflation?

Although inflation could rise up to 4%, the Reserve Bank has indicated they’re likely to look through this to support the economic recovery, but will act if they need to. In the short term, interest rates should remain stable, but this does depend on how the Middle East situation evolves.

Let’s plan your next move

With rates expected to trend upward later this year, now’s a smart time to review your structure. Our mortgage advisers are here to help map out a plan that fits your goals. Speak with an Enva adviser today by emailing us at mortgages@enva.co.nz or call 0508 287 672.

Plus, when you book a mortgage review, you’ll go in the draw to win a $5,000 travel voucher!

The Reserve Bank’s next OCR announcement is on Wednesday, 27 May 2026.
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The information contained in this video is for general information purposes only. It is not intended to constitute financial advice and does not take your individual circumstances and financial situation into account. We encourage you to seek assistance from a trusted financial adviser.