Reserve Bank cuts official cash rate to 4.25 per cent

Wednesday 27 November 2024 · 3 outlets · 5 reports · updated Wed 27 Nov 2024, 4:45pm

In this story Reserve Bank of New Zealand

The Reserve Bank has reduced the official cash rate by 50 basis points in its final review of 2024. This brings the rate to 4.25 per cent, with major banks already moving to lower home loan rates. The next monetary policy review is scheduled for February 2025.

How they headlined it

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1. 1NewsWed 27 Nov 2024, 2:03pm

   Interest rate relief: 'Confident' Reserve Bank cuts OCR to 4.25% (opens in new tab)

   • Five Big Things That Happened Today: Wednesday, November 27 (opens in new tab) Wed 27 Nov 2024, 4:45pm
2. StuffWed 27 Nov 2024, 3:16pm

   OCR drops to 4.25% - but is it the right move? (opens in new tab)

   • Live: Reserve Bank cuts OCR to 4.25% (opens in new tab) Wed 27 Nov 2024, 3:48pm
3. The PostWed 27 Nov 2024, 3:32pm

   Reserve Bank cuts official cash rate by 0.5% (opens in new tab)