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16 Jun 2025 13:50
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  •   Home > News > Business

    Christopher Luxon remains hopeful the latest cut in the OCR isn't the last

    Christopher Luxon remains hopeful the latest cut in the OCR isn't the last


    The Reserve Bank's dropped the Official Cash Rate 25-basis-points to 3.25 percent, and is now forecasting it will reach a low of 2.9 percent in December.

    But the Monetary Policy Committee wasn't able to reach a unanimous decision to cut the cash rate.

    The Prime Minister says Governor Christian Hawkesby is dealing with a period of global uncertainty.

    He says there's a huge amount of volatility that Hawkesby is navigating, but the economy is turning a corner.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     16 Jun: Three Auckland property owners have been fined more than 40-thousand-dollars between them, for serious breaches of the Resource Management and Building Acts
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     16 Jun: A push to make more Northland homes warm and dry this winter
     14 Jun: Global trade disruptions pose the biggest threat to New Zealand's economic recovery
     14 Jun: Kiwibank is suggesting more OCR cuts are needed to revive the economy
     13 Jun: A solar panel wholesaler believes the government's new power policies are a win for all
     13 Jun: Consultant spending in the public sector has fallen to its lowest number in seven years
     Top Stories

    RUGBY RUGBY
    Number eight Gregory Alldritt is a prominent name missing from the first edition of the French rugby squad to tour New Zealand next month More...


    BUSINESS BUSINESS
    Three Auckland property owners have been fined more than 40-thousand-dollars between them, for serious breaches of the Resource Management and Building Acts More...



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