ANZ
May 18, 2026
Monetary Policy Expectations Analysis
Market ReportMacro Economic IndicatorsRates Govt BondsFinancials
A comprehensive data summary of market-priced interest rate expectations for New Zealand, USA, Australia, Eurozone, UK, and Canada as of May 18, 2026.
Key Takeaways
- 1.New Zealand's Official Cash Rate (OCR) is priced to increase from its current 2.25% to 3.64% by August 2027.
- 2.The US Effective Federal Funds Rate (FFR) is expected to rise gradually from 3.63% to 3.94% by April 2027.
- 3.Australian interest rates are priced to peak at approximately 4.75% in early 2027, up from a current rate of 4.35%.
Table of Contents
- Monetary Policy Expectations Analysis
- Important notice
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Authors
ANZ Economics and Markets Research
Securities
Official Cash Rate (OCR)Effective Federal Funds RateSONIA Rate€STRON
Themes
Monetary Tightening BiasGlobal Rate Convergence
Regions
Asia PacificNorth AmericaEuropeNew ZealandUnited StatesAustralia
