Reserve Bank cuts official cash rate by 50 basis points

Wednesday 19 February 2025 · 2 outlets · 4 reports · updated Wed 19 Feb 2025, 2:59pm

In this story Reserve Bank of New Zealand, BNZ, Adrian Orr, Monetary Policy Committee

The Reserve Bank has reduced the official cash rate to 3.75%. Following the decision, all major banks have moved to cut interest rates. Economists had widely expected this third consecutive reduction as part of efforts to support the economy.

How they headlined it

2:03pm2:59pm

1. 1NewsWed 19 Feb 2025, 2:03pm

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

   • All major banks make cuts to some home loans in wake of OCR fall (opens in new tab) Wed 19 Feb 2025, 2:03pm
2. RNZWed 19 Feb 2025, 2:08pm

   Reserve Bank cuts OCR by 50 basis points to 3.75% (opens in new tab)

   • All major banks cut interest rates after official cash rate drops (opens in new tab) Wed 19 Feb 2025, 2:59pm