Reserve Bank holds official cash rate at 3.25%

Wednesday 9 July 2025 · 5 outlets · 4 reports · updated Wed 9 Jul 2025, 6:00pm

In this story Reserve Bank of New Zealand

The Reserve Bank of New Zealand has held the official cash rate at 3.25%, ending a series of six consecutive cuts. The central bank cited a need for more clarity regarding inflation, the economy, and US trade policy, though it noted further cuts remain possible.

How they headlined it

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1. 1NewsWed 9 Jul 2025, 2:02pm

   OCR held at 3.25% by Reserve Bank (opens in new tab)

2. Otago Daily TimesWed 9 Jul 2025, 2:06pm

   Reserve Bank holds Official Cash Rate at 3.25% (opens in new tab)

   Also on RNZ (opens in new tab)

3. StuffWed 9 Jul 2025, 3:08pm

   Is it time to lock in your mortgage rate for longer, as Reserve Bank holds the OCR? (opens in new tab)

4. NZ HeraldWed 9 Jul 2025, 6:00pm

   Reserve Bank keeps OCR at 3.25%, hints at future rate cuts (opens in new tab)