'Dovish': Economists react as RBNZ cuts cash rate to 3.5%

Christian Hawkesby is not quite living up to his name. (Image: Unsplash)

Wed, 09 Apr 2025

Christian Hawkesby’s first cash rate review as the Reserve Bank’s new governor was not, in fact, very hawkish.“Broadly speaking, we would characterise the policy announcement as being rather dovish,” said Abhijit Surya, senior Apac economist for Capital Economics. ANZ Bank chief economist Sharon Zollner also said – given the downside risks – the “tone of the release was a bit more dovish than in February, unsurprisingly”.The Reserve Bank cut the Official Cash Rate (OCR) by 25 basis point...

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