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Reserve Bank cuts OCR by 50 basis points to 3.75%

Reserve Bank cuts OCR by 50 basis points to 3.75%


Published on 2025-02-19 06:41:12 - MSN
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  • The 50 basis-point cut sends the OCR to a two-year-low of 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 ]
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