Reserve Bank cuts official cash rate amid economic optimism

Thursday 20 February 2025 · 2 outlets · 2 reports · updated Thu 20 Feb 2025, 5:00am

In this story Reserve Bank of New Zealand, Stats NZ, Adrian Orr

Reserve Bank Governor Adrian Orr announced a cut to the Official Cash Rate on Tuesday. While expressing optimism for the economy, Orr warned that longer-term mortgage rates may not decrease significantly by the end of the year.

How they headlined it

5am

1. NZ HeraldThu 20 Feb 2025, 5:00am

   Reserve Bank governor Adrian Orr warns longer-term mortgage interest rates might not fall too much more (opens in new tab)

2. StuffThu 20 Feb 2025, 5:00am

   Here’s the good news - and reasons to be cautious - about the economy (opens in new tab)