New Zealand Rate Decision Expected: RBNZ Set to Raise OCR to 3%

The RBNZ is widely expected to raise the Official Cash Rate by 25 basis points to 3.0% at its 28 October review. Recent data showing higher year-end inflation forecasts support continued tightening, though MPC divisions on medium-term inflation outlook suggest a close vote remains possible. NZD weakness may reverse on a hawkish hold or surprise hike.