Weak economic activity behind larger-than-expected OCR cut
Nicola Willis says 50 basis points cut will ease pressure on households and businesses.
Finance Minister Nicola Willis.
Brent Edwards
Wed, 08 Oct 2025
The Reserve Bank has cut the official cash rate by 50 basis points to 2.5%, prompting an immediate drop in the New Zealand dollar by 1.3%.
The RBNZ said while the Consumers Price Index was currently around the top of the bank’s 1-3% target band, it expected inflation to return to the mid-point of
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Brent Edwards
Wed, 08 Oct 2025
Contact the Writer: brent@nbr.co.nz
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Weak economic activity behind larger-than-expected OCR cut
Economics,
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