RBNZ Breman's Inflation Warning Lifts New Zealand Dollar Despite Rate Pause Bets

The New Zealand dollar gained ground, with NZD/USD advancing 0.27% to 0.57253, after Reserve Bank of New Zealand Governor Anna Breman warned that persistent oil price gains will push near-term inflation above September forecasts. The remarks stoked expectations for firmer policy tightening ahead of the central bank's October 28 decision. The RBNZ previously raised the Official Cash Rate by 25 basis points to 2.75% on September 2. Although financial markets had widely priced in a pause for October amid an uneven recovery, Breman emphasized the central bank maintains optionality.