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

'Dovish': Economists react as RBNZ cuts cash rate to 3.5%
Christian Hawkesby is not quite living up to his name. (Image: Unsplash)
Rebecca Howard
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...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Rebecca Howard 02 Jul 2025
Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025