Recent surges in global oil prices tied to Middle East tensions have pushed New Zealand headline CPI to 4.1% in the June 2026 quarter, prompting the RBNZ to hike the OCR 25 basis points to 2.75% on September 2 and retain a tightening bias despite projecting a gradual path ahead. Governor Anna Breman’s September 22 remarks highlighted risks of above-forecast near-term inflation if energy pressures persist, alongside uneven economic recovery supported by exports and household spending, keeping market-implied odds for another 25 basis point increase at the October 28 Monetary Policy Review near even with a hold. Traders are weighing incoming data, including the September quarter CPI release on October 22, against the central bank’s data-dependent stance and emphasis on medium-term inflation returning to the 2% midpoint by late 2027. Core measures remain closer to target, supporting the close contest between the two leading outcomes.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated25 bps increase 62%
No change 34%
50+ bps increase <1%
50+ bps decrease <1%
$61,583 Vol.
$61,583 Vol.
50+ bps decrease
<1%
25 bps decrease
<1%
No change
42%
25 bps increase
58%
50+ bps increase
1%
25 bps increase 62%
No change 34%
50+ bps increase <1%
50+ bps decrease <1%
$61,583 Vol.
$61,583 Vol.
50+ bps decrease
<1%
25 bps decrease
<1%
No change
42%
25 bps increase
58%
50+ bps increase
1%
The resolution source will be official information from the Reserve Bank of New Zealand, including the statement or release from its October 2026 meeting, scheduled for October 28, 2026, as listed on the official RBNZ calendar (https://www.rbnz.govt.nz/news-and-events/events). This market may resolve as soon as the statement or release of the Reserve Bank of New Zealand resulting from its October 2026 meeting with relevant data is issued.
If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound.
If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of "Increase" or "Decrease" will include policy rate increases or decreases of any size.
If the specified meeting is postponed to a date and time before the start of the next scheduled meeting, this market will resolve based on the outcome of that postponed meeting.
If the specified meeting is cancelled, or postponed such that no decision is announced by the start of the next scheduled meeting, this market will resolve to the "No Change" bracket. Emergency changes to the specified rate not resulting from the specified meeting will not be considered.
Market Opened: Jul 29, 2026, 6:38 PM ET
Resolver
0x69c47De9D...The resolution source will be official information from the Reserve Bank of New Zealand, including the statement or release from its October 2026 meeting, scheduled for October 28, 2026, as listed on the official RBNZ calendar (https://www.rbnz.govt.nz/news-and-events/events). This market may resolve as soon as the statement or release of the Reserve Bank of New Zealand resulting from its October 2026 meeting with relevant data is issued.
If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound.
If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of "Increase" or "Decrease" will include policy rate increases or decreases of any size.
If the specified meeting is postponed to a date and time before the start of the next scheduled meeting, this market will resolve based on the outcome of that postponed meeting.
If the specified meeting is cancelled, or postponed such that no decision is announced by the start of the next scheduled meeting, this market will resolve to the "No Change" bracket. Emergency changes to the specified rate not resulting from the specified meeting will not be considered.
Resolver
0x69c47De9D...Recent surges in global oil prices tied to Middle East tensions have pushed New Zealand headline CPI to 4.1% in the June 2026 quarter, prompting the RBNZ to hike the OCR 25 basis points to 2.75% on September 2 and retain a tightening bias despite projecting a gradual path ahead. Governor Anna Breman’s September 22 remarks highlighted risks of above-forecast near-term inflation if energy pressures persist, alongside uneven economic recovery supported by exports and household spending, keeping market-implied odds for another 25 basis point increase at the October 28 Monetary Policy Review near even with a hold. Traders are weighing incoming data, including the September quarter CPI release on October 22, against the central bank’s data-dependent stance and emphasis on medium-term inflation returning to the 2% midpoint by late 2027. Core measures remain closer to target, supporting the close contest between the two leading outcomes.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated


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