RBNZ lifts official cash rate to 2.5%, despite recession risk

RBNZ lifts official cash rate to 2.5%, despite recession risk
(Photo: Dan Brunskill)
Dan Brunskill
The Reserve Bank of New Zealand (RBNZ) has lifted the official cash rate by 50 basis points to 2.5% as widely expected by economists and market participants.In its regular review, the monetary policy committee said it remained appropriate to continue tightening policy “at pace”.The level of global economic activity, combined with supply disruptions from covid and the Russian invasion of Ukraine, is continuing to generate global inflation pressures, it said.However, the committee also noted the pace of global economic growth is slowi...

More Economy

Want to double exports? Good luck with that
Primary Sector

Want to double exports? Good luck with that

International shipping lines say NZ needs to urgently address port productivity. 

Oliver Lewis 30 Jul 2025
Weak jobs data help clear path for August rate cut
Economy

Weak jobs data help clear path for August rate cut

Filled jobs edged higher but will likely be revised lower. 

Rebecca Howard 29 Jul 2025
OCR steals the show
Economy

Cameron Bagrie: OCR steals the show

The yield on a NZ 10-year bond is currently around 4.6%.

Cameron Bagrie 28 Jul 2025
Independent review warm on ACC investment arm but eyes risk
Economy

Independent review warm on ACC investment arm but eyes risk

A review of ACC’s investment arm issues warm findings but homes in on risk factors.

Staff reporters 25 Jul 2025