2026-01-28 14:45:00
- Overnight rate unchanged at 2.25%
- Prior statement said “current policy rate at about the right level”
- Prior statement said “if the outlook changes, we are prepared to respond”
The December Trimmed-Mean CPI Y/Y eased to 2.7% from 2.9% in November,
and the unemployment rate jumped back to 6.8% in December vs 6.5% in
November.
Ahead of the statement, the market was pricing in 8 bps of rate hikes in 2026.
Highlights from the MPR:
- 2026 GDP forecast vs 1.6% prior
- 2027 GDP forecast vs 1.6% prior
This article was written by Adam Button at investinglive.com.
