RBNZ hits pause on OCR at 3.25% but keeps future rate cuts on table

RBNZ governor Christian Hawkesby. (Image: NZME)

Wed, 09 Jul 2025

The Reserve Bank of New Zealand held the Official Cash Rate at 3.25% as widely expected and continued to signal more cuts on the horizon.“The accompanying statement made it clear that further rate cuts remain on the table, assuming the economy evolves broadly in line with the RBNZ’s expectations,” Forsyth Barr investment strategist Zoe Wallis said.The bank's monetary policy committee discussed keeping the cash rate on hold or cutting it by a further 25 basis points to 3%.While some members said further monetary easing...

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