RBNZ seen keeping rates on hold but signalling more cuts to come

RBNZ seen keeping rates on hold but signalling more cuts to come
Rebecca Howard
By Rebecca Howard June 24 (BusinessDesk) - The Reserve Bank of New Zealand is expected to keep rates on hold at Wednesday’s review but will signal further cuts are possible.  All 20 economists surveyed by Bloomberg expect the official cash rate to stay at 1.5 percent but 11 expect a 25 basis point rate cut at the Aug. 7 monetary policy review. The central bank is due to publish the rate decision and a short statement at 2pm Wednesday.  “We expect the RBNZ to hold the OCR at 1.5 percent in June, but to acknowledge the risk profile and s...

More Finance

Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025
Heartland Group’s Q1 trading solid, not without challenges
Finance

Heartland Group’s Q1 trading solid, not without challenges

Heartland Group reports solid Q1 performance as NZ business conditions challenging.

Staff reporters 24 Oct 2025
Kiwibank eyes a fairer fight with the Aussie big four
Finance

Kiwibank eyes a fairer fight with the Aussie big four

Kiwibank, partway through a $500m capital hike, sells growth and culture stories.

Andy Macdonald 23 Oct 2025
FNZ case adds plaintiffs in latest legal twist
Finance

FNZ case adds plaintiffs in latest legal twist

Employee shareholders at FNZ are using a second entity.

Victoria Young 22 Oct 2025