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Economics
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RBNZ leaves OCR on hold at 3.25%

The central bank is closely monitoring inflation, which is hovering near the top end of the 1-3% target band.

Most economists had predicted the pause this week.

New Zealand’s central bank has left the official cash rate on hold at 3.25%, as widely expected, but maintains an easing bias if inflation remains under control.

Most economists had predicted the pause this week as inflation hovers near the top end of the RBNZ’s 1-3% target band.

The Monetary

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Jonathan Mitchell Wed, 09 Jul 2025
Contact the Writer: jmitchell@nbr.co.nz
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RBNZ leaves OCR on hold at 3.25%
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