Wed, February 19, 2025
[ Wed, Feb 19th 2025 ]: sanews
Budget speech postponed
Tue, February 18, 2025

Reserve Bank cuts OCR by 50 basis points to 3.75%

The Reserve Bank of New Zealand (RBNZ) has reduced the Official Cash Rate (OCR) by 50 basis points to 3.75%, marking a significant monetary policy adjustment. This decision was influenced by the need to support economic growth amidst global economic uncertainties and lower inflation expectations. The cut aims to stimulate economic activity by making borrowing cheaper, thereby encouraging spending and investment. The RBNZ's move reflects concerns over a slowing economy, with the bank indicating that further adjustments might be necessary if economic conditions do not improve. This rate reduction is part of a broader strategy to manage inflation, which has been below the target band, and to counteract the effects of weaker global demand and trade tensions.

Read the Full MSN Article at:
[ https://www.msn.com/en-nz/news/national/reserve-bank-cuts-ocr-by-50-basis-points-to-3-75/ar-AA1zjVAM ]