Finance Minister Nicola Willis welcomes RBNZ Governor’s jawboning

Anna Breman made the statement on Monday. (Image: NZME)

Tue, 16 Dec 2025

Finance Minister Nicola Willis welcomed Reserve Bank Governor Anna Breman’s statement on Monday that market conditions have tightened beyond what the central bank expected. The central bank took markets by surprise in late November when it essentially signalled the end of its easing cycle after cutting rates by 25 basis points to 2.25%. despite its OCR track leaving one possible rate cut on the table next year.Several banks have moved to lift retail mortgage rates in the wake of the November Monetary Policy Statement, which has raise...

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