RBNZ Cuts OCR By 25bps to 3.25%; Debated Hold Vs Cut

By Sophia Rodrigues

(Sydney, May 28, 2025) – The Reserve Bank of New Zealand lowered the Official Cash Rate by 25bps to 3.25% to support growth but surprised with the news the decision was not unanimous.

The RBNZ debated...

Analysis: RBNZ Highly Likely to Lower OCR 25bps Next Week

(This Analysis was first published on Friday, August 9 at 1:02 PM as an email to trialists and subscribers)

(For subscription options, please email sophia@centralbankintel.com)

--Drop in inflation expectations provides support...

RBNZ Projects Higher OCR Peak As Focus Shifts To Higher Short-ter...

By Sophia Rodrigues

(Sydney, November 23, 2022)—The Reserve Bank of New Zealand raised the official cash rate by 75bps to 4.25% and projected a peak OCR of 5.5% by September 2023 after agreeing to “act decisively” to re...

RBNZ Ups OCR 50bps to 3.0%; Highlights Broad-Based Pricing Pressu...

By Sophia Rodrigues

(Sydney, August 17, 2022)—The Reserve Bank of New Zealand raised the official cash rate by 50 basis points to 3.0% and reiterated its hawkish message by bringing forward the timing of further OCR increases.

RBNZ Governor Orr Admits MonPol Decisions Contributed To High Inf...

By Sophia Rodrigues

(Sydney, July 26, 2022)—The Reserve Bank of New Zealand governor Adrian Orr has acknowledged its monetary policy decisions have contributed to elevated inflation which is well above the remit target range of 1%...

RBNZ Ups OCR 50bps To 1.5%; More Hikes To Come

By Sophia Rodrigues

(Sydney, April 13, 2022)—The Reserve Bank of New Zealand raised the official cash rate by 50 basis points to 1.5%, becoming the first developed-country central bank to deliver a larger hike in the current global...