• central bank
• interest rates
• monetary stimulus
• New Zealand economy

RBNZ Slashes OCR 50 bps to 2.5%, Signals More Easing Ahead

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  News Editor / 1 week
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• 2 min read

Wellington – In a bold move to arrest economic cooling, the Reserve Bank of New Zealand (RBNZ) on October 8 cut its Official Cash Rate (OCR) by 50 basis points, bringing it to 2.50%, the lowest level in over three years. The Monetary Policy Committee (MPC) cited weak domestic demand, spare capacity in the economy, […]