The RBNZ cut the OCR by 25bps to 2.25%. The decision was made following a 5 – 1 vote, with one MPC member voting to hold the OCR at 2.5%. The RBNZ’s OCR forecast profile was revised down as expected and now shows a terminal OCR of 2.20% (in Q2 2026), down from 2.55% previously. […]
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