RBNZ lowers OCR 25bps to 3%
By Sophia Rodrigues
Published On 20 Aug 2025 , 12:13 PMThe Reserve Bank of New Zealand cut the Official Cash Rate by 25bps to 3.00%, taking the total cuts in the current easing cycle to 250bps.
The OCR had peaked at a high of 5.50% in May 2023 before it was first lowered by 25bps in August last year.
The decision was a result of a majority 4-2 vote, and following discussions of three options: Hold, 25bps cut and 50bps cut.
The RBNZ cited significant spare capacity and declining inflationary pressure as reasons for the cut, and flagged two more cuts as the base case.
"If medium-term inflation pressures continue to ease as expected, there is scope to lower the OCR further," the RBNZ said.
LATEST SNIPPETS
AOFM issues A$2.0B of Nov 2024 bond at 0.3654%
The AOFM has sold A$2.0 billion of 0.25% November 2024 government bond at a weighted average issue yield of 0.36...
Published on : 03 Jul 2020 , 11:23 AMAOFM sells Nov 2028 bond at 0.7959%
The AOFM sold A$2.0 billion of 2.75% November 2028 government bond at a weighted average yield of 0.7959%. ...
Published on : 01 Jul 2020 , 11:09 AMAOFM to tender A$4B of bonds, A$3B of Notes next week
The AOFM has announced tenders for next week, totaling A$5.0 billion of bonds (down from A$4.0 bi...
Published on : 26 Jun 2020 , 12:17 PMAOFM sells April 2026 bond at record high coverage
The AOFM sold A$1.0 billion of 4.25% April 2026 government bond at a weighted average yield of 0.4790%.&nbs...
Published on : 26 Jun 2020 , 12:12 PMRBA Lowe to speak at Anika Foundation fundraising webinar July 21
The annual Anika Foundation fundraiser is being held as a webinar this year on July 21 from 1245 pm, with a...
Published on : 25 Jun 2020 , 02:39 PMAOFM sells April 2029 at 0.8450%
The AOFM has sold A$2.0 billion of 3.25% April 2029 government bond at a weighted average yield of 0.8450%....
Published on : 24 Jun 2020 , 11:08 AMAOFM sells April 2024 at 0.3003% vs record low 0.2818%
The AOFM sold A$2.0 billion of 2.75% April 2024 government bond at a weighted average yield of 0.3003%, hig...
Published on : 22 Jun 2020 , 02:00 PMCB-Intel tweets from RBA Lowe's panel participation
--At some point higher AUD could be a problem but we haven't reached the point yet
--Would like lower AUD...
AOFM to tender A$5B of bonds, A$3B of Notes next week
The AOFM has announced tenders for next week, totaling A$5.0 billion of bonds (up from A$4.0 billion f...
Published on : 19 Jun 2020 , 12:05 PMAOFM sells 3.25% April 2025 bond at record low yield
The AOFM has sold A$2.0 billion of 3.25% April 2025 government bond at a weighted average issue yield...
Published on : 19 Jun 2020 , 11:04 AM