No obstacles to RBNZ 25bps OCR cut next week – economists

It will be Governor Christian Hawkesby's final meeting at the helm. (Image: NZME)

Tue, 18 Nov 2025

Data Monday reinforced expectations that the Reserve Bank of New Zealand will cut the official cash rate by 25 basis points next week to 2.25% and keep the door open for further cuts. The selected price indexes, a monthly steer on inflation, “present no obstacles to another rate cut from the RBNZ at next week’s policy meeting”, Westpac Bank senior economist Satish Ranchhod said. Food prices rose 4.7% in the 12 months to the end of October but were down 0.3% on the month, Stats NZ said on Monday. Rent prices, a k...

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