RBNZ to hold. Oil shock lifts inflation outlook but weak growth tempers response (preview)

RBNZ expected to hold OCR at 2.25% as oil shock lifts inflation above 4% while growth weakens. ASB sees policy patience for now but flags risks of earlier hikes if inflation proves persistent or expectations shift. RBNZ seen holding steady as oil shock lifts inflation but weak growth argues for patience.Summary:RBNZ expected to hold OCR at 2.25% amid… RBNZ seen holding steady as oil shock lifts inflation but weak growth argues for patience. . Summary: . RBNZ expected to hold OCR at 2. RBNZ seen holding steady as oil shock lifts inflation but weak growth argues for patience. Summary: RBNZ expected to hold OCR at 2.25% amid oil-driven supply shock Inflation seen rising above 4% with upside risks depending on oil path Growth outlook deteriorating, with recovery pushed into 2027 Central bank likely to look through initial inflation spike Spare capacity and weak demand seen limiting second-round effects Inflation expectations key to policy… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.