RBNZ cuts official cash rate to 2.25%, leaves options open

RBNZ governor Christian Hawkesby to front his final media conference. (NZME)

Wed, 26 Nov 2025

The Reserve Bank of New Zealand cut the official cash rate by 25 basis points to 2.25% and retained a mild easing bias.“The door for further easing is open, but not as wide as many would have expected,” ASB Bank chief economist Nick Tuffley said.While the goal is consensus, the final decision came down to a vote.The decision was either to cut or hold, and the committee voted by five to one to cut.“Leaving the OCR [official cash rate] unchanged at this meeting would provide the optionality to lower the OCR in the future if requ...

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