Apr 9, 2025
The Reserve Bank has cut the Official Cash Rate by 25 basis points, bringing it to 3.5 percent. It's the fifth reduction in a row, and all the major banks responded immediately, announcing reductions to home loan rates.
And while the Reserve Bank acknowledged the uncertainty caused by President Trump's tariffs, it said there is scope to lower the OCR further as appropriate, meaning another cut next month remains likely. Zane Small reports.
For full coverage visit www.Stuff.co.nz
