Reserve Bank cuts official cash rate to 3.25 per cent

Wednesday 28 May 2025 · 3 outlets · 5 reports · updated Wed 28 May 2025, 2:29pm

In this story Donald Trump, Reserve Bank of New Zealand, BNZ

The Reserve Bank has lowered the official cash rate by 25 basis points to 3.25 per cent. This is the third OCR update of 2025 and the lowest level since October 2022. Some banks had already begun reducing their interest rates ahead of the announcement.

How they headlined it

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1. Stuff via RNZWed 28 May 2025, 1:29pm

   Banks drop interest rates ahead of OCR (opens in new tab)

2. 1NewsWed 28 May 2025, 2:02pm

   Reserve Bank cuts official cash rate again (opens in new tab)

   • Banks lower interest rates as Reserve Bank cuts OCR again (opens in new tab) Wed 28 May 2025, 2:02pm
   • Full video: Luxon, Willis speak after OCR cut by Reserve Bank (opens in new tab) Wed 28 May 2025, 2:29pm
3. RNZWed 28 May 2025, 2:04pm

   Reserve Bank drops OCR by 25 basis points to 3.25 percent (opens in new tab)