RBNZ lifts rates to 0.75%, signals more aggressive hiking cycle

RBNZ lifts rates to 0.75%, signals more aggressive hiking cycle
Central bank signals more interest rate hikes possible. (Image: BusinessDesk)
Rebecca Howard
The Reserve Bank of New Zealand lifted the official cash rate 25 basis points to 0.75% and signalled a more aggressive hiking cycle.“The committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment,” it said.The committee “noted that further removal of monetary policy stimulus is expected over time given the medium-term outlook for inflation and employment”.The central bank's closely watched official cash rate forecasts now...

More Economy

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Rebecca Howard 02 Jul 2025
Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025