RBNZ keeps official cash rate on hold at 3.25%

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.“The case for keeping the official cash rate on hold at this meeting highlighted the elevated level of uncertainty, and the benefits of waiting until August in light of near-term inflation risks,” according to the record of meeting.“Subject to medium-term inflation pressures continuing to ease in line with the committee’s central projections, the committee expects to lower the official cash rate further, broadly consistent with the pr...

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