ANZ
May 28, 2026
Monetary Policy Expectations Analysis
Rates StrategyRates Govt BondsMacro Economic IndicatorsFinancials
This report outlines current market expectations for central bank policy rates in New Zealand, the US, Australia, Eurozone, UK, and Canada through 2027.
Key Takeaways
- 1.New Zealand's Official Cash Rate (OCR) is priced to rise significantly from 2.25% to an estimated 3.61% by September 2027.
- 2.The US Federal Funds Rate is expected to experience a modest upward trajectory, moving from an effective 3.63% to approximately 3.89% by late April 2027.
- 3.Australia's policy rate is expected to peak at 4.56% in December 2026 before slightly easing back to 4.51% by May 2027.
Table of Contents
- Monetary Policy Expectations Analysis
- Important notice
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
ANZ Economics and Markets Research
Securities
RBNZ OCREffective Federal Funds RateSONIA€STRON
Themes
Central Bank Policy TrajectoriesMarket Implied Pricing
Regions
Asia PacificNorth AmericaEuropeNew ZealandUnited StatesAustralia
