Luxon criticises Reserve Bank over gradual official cash rate cuts

Monday 25 August 2025 · 2 outlets · 3 reports · updated Mon 25 Aug 2025, 1:59pm

In this story Christopher Luxon, Reserve Bank of New Zealand, Newstalk ZB, Mike Hosking, Christian Hawkesby

Prime Minister Christopher Luxon has criticised the Reserve Bank for not cutting the Official Cash Rate sufficiently to stimulate the economy. Following a 25 basis point reduction to 3%, Mr Luxon revealed he shares his views with the Reserve Bank Governor. He is expected to address the media alongside Finance Minister Nicola Willis today.

How they headlined it

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9:50am1:59pm

1. StuffMon 25 Aug 2025, 9:50am

   Luxon chides Reserve Bank for gradual OCR cuts not kickstarting the economy (opens in new tab)

2. NZ HeraldMon 25 Aug 2025, 10:07am

   ‘I can often give my views’: Christopher Luxon says he gives ‘reckons’ to RBNZ Governor on cash rate calls (opens in new tab)

   • Prime Minister Christopher Luxon to front media following revelation he gives ‘reckons’ to RBNZ Governor on cash rate calls (opens in new tab) Mon 25 Aug 2025, 1:59pm