ANZ
May 15, 2026
Monetary Policy Expectations Analysis
Macro ThematicMacro Economic IndicatorsRates Govt BondsOther
ANZ Research provides a detailed analysis of market-priced interest rate expectations for New Zealand, USA, Australia, Eurozone, UK, and Canada through 2027. The report shows a general trend of anticipated rate hikes across all monitored jurisdictions.
Key Takeaways
- 1.New Zealand monetary policy is expected to tighten significantly, with the OCR projected to rise from 2.25% to 3.66% by August 2027.
- 2.Australian interest rates are priced to peak at approximately 4.72% in February 2027 before a slight projected decline.
- 3.The UK and Eurozone are anticipating steady rate increases, with the UK policy rate expected to reach 4.43% and the Eurozone reaching 2.68% by April 2027.
Table of Contents
- Monetary Policy Expectations Analysis
- Important notice
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Authors
ANZ Economics and Markets Research
Securities
New Zealand OCRFederal Funds RateSONIA€STRON
Themes
Monetary Policy TighteningCentral Bank Policy Divergence
Regions
Asia PacificNorth AmericaEuropeNew ZealandUnited StatesAustralia
