New Zealand’s Central Bank Drops Cash Rate to 2.5 Percent as Economy Wobbles
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A pedestrian walks past the Reserve Bank of New Zealand (RBNZ) in Wellington, New Zealand on Sept. 24, 2025. Hagen Hopkins/Getty Images
New Zealand’s Reserve Bank has slashed the official cash rate (OCR) by 50 basis points to 2.5 percent in a move that surprised many in the markets.
It also signalled that there may be further easing in future.
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