The Reserve Bank left the OCR unchanged today - but people may have to hold out for rate cuts.

RBNZ Governor Adrian Orr revealed the bank considered hiking rates past 5.5 percent, and there's still scope for a potential hike this year.

The committee also pushed out its projected timeframe for its first OCR cut from mid-2025 to around September 2025.

NZ Herald Wellington business editor Jenee Tibshraeny says today's update marked a change of tone from the bank.

LISTEN ABOVE

The Reserve Bank left the OCR unchanged today - but people may have to hold out for rate cuts.
RBNZ Governor Adrian Orr revealed the bank considered hiking rates past 5.5 percent, and there's still scope for a potential hike this year.
The committee also pushed out its projected timeframe for its first OCR cut from mid-2025 to around September 2025.
NZ Herald Wellington business editor Jenee Tibshraeny says today's update marked a change of tone from the bank.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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