RBNZ plans more cuts sooner rather than later

RBNZ plans more cuts sooner rather than later
RBNZ Governor Adrian Orr. (Image: NZME)
Rebecca Howard
The Reserve Bank of New Zealand has cut the official cash rate by 50 basis points to 3.75% and brought forward planned rate cuts. "If economic conditions continue to evolve as projected, the committee has scope to lower the OCR [official cash rate] further through 2025," the Monetary Policy Committee (MPC) said. The Reserve Bank of NZ's (RBNZ) forward-looking track now forecasts the cash rate reaching a low of 3.1% in December this year. In November, the RBNZ forecast that it would reach that point in March 2027 and...

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RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
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Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025
Slight inflation lift won't stop rate cuts thanks to trade war
Economy

Slight inflation lift won't stop rate cuts thanks to trade war

Most economists expect annual inflation lifted to 2.4% in 1Q.

Rebecca Howard 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025