Reserve Bank cuts OCR by 25 basis points to 3.5%, banks trim floating home loan rates

OCR Reduction Affirms Spending Discipline

The Reserve Bank today reduced the OCR by 25 basis points, meaning the rate has come down 200 basis points since August last year.

Reserve Bank cuts OCR by 25 basis points to 3.5%, banks trim floating home loan rates

The Reserve Bank has cut the Official Cash Rate (OCR) by 25 basis points to 3.5% in its Monetary Policy Review. The move was widely expected by economists...

Official cash rate cut to 3.5%

The Reserve Bank has cut the official cash rate by 25 basis points to 3.5%, as widely expected. The central bank said the economy was facing...

RBI lowers FY26 inflation projection to 4 pc

The Reserve Bank on Wednesday lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per cent earlier, taking into account good agricultural output and falling crude prices. Consumer Price Index (CPI) based headline retail inflation declined by a cumulative 1.6 percentage points during January-February 2025, from 5.2 per cent in December 2024 to a low of 3.6 per cent in February 2025. On the back of a strong seasonal corr…

RBNZ delivers fifth straight rate cut, signals more to come

New Zealand’s central bank cut interest rates for a fifth straight meeting and said it has scope for further reductions as US tariffs create downside risks for both economic growth and inflation.

NZD/USD rises to near 0.5550 following RBNZ interest rate decision

The NZD/USD pair edges higher after the Reserve Bank of New Zealand (RBNZ) cut interest rates by 25 basis points (bps), in line with market expectations.