ANZ
June 2, 2026
Monetary Policy Expectations Analysis
Macro ThematicRates Govt BondsMacro Economic IndicatorsFinancials
This report details current and projected market-implied interest rates for New Zealand, USA, Australia, Eurozone, UK, and Canada through mid-2027.
Key Takeaways
- 1.Market pricing indicates a steady rise in New Zealand's Official Cash Rate from 2.25% to a projected 3.62% by September 2027.
- 2.The US Effective Federal Funds Rate is expected to drift higher from 3.62% to approximately 3.93% by late April 2027.
- 3.Australia's policy rate, currently at 4.35%, is priced to peak near 4.56% in December 2026 before stabilizing.
Table of Contents
- Monetary Policy Expectations Analysis
- Important notice
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Authors
ANZ Research
Securities
OCRFFRSONIOEuro Short-Term Rate
Themes
Global Monetary TighteningCentral Bank Policy Rate Projections
Regions
Asia PacificNorth AmericaEuropeNew ZealandUnited StatesAustralia
