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31 May 2025 17:52
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      Home > News > Business

    Christopher Luxon remains hopeful the latest cut in the OCR isn't the last

    Christopher Luxon remains hopeful the latest cut in the OCR isn't the last

    29 May 2025
    The Reserve Bank's dropped the Official Cash Rate 25-basis-points to 3.25 percent, and is now forecasting it will reach a low of 2.9 percent in December.

    But the Monetary Policy Committee wasn't able to reach a unanimous decision to cut the cash rate.

    The Prime Minister says Governor Christian Hawkesby is dealing with a period of global uncertainty.

    He says there's a huge amount of volatility that Hawkesby is navigating, but the economy is turning a corner.

    © 2025 Newstalk ZB, NZCity


     Other Business News
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     31 May: Rising port fees at Port of Auckland has raised the ire of truckies
     30 May: Community corrections staff are bargaining for a pay rise after their pay equity claim was tossed out by the Government
     30 May: Why our coffee can cost more on a weekend than during the week
     30 May: One of New Zealand's most popular used-car dealerships has experienced a 47-percent drop in profit
     30 May: Optimism in the housing market is increasing
     Top Stories

    RUGBY RUGBY
    Brett Cameron believes his return to the Hurricanes number 10 jersey marks a full circle completion of his lengthy injury layoff More...

    BUSINESS BUSINESS
    Donald Trump announces plans to double steel tariffs to 50pc to 'further secure US steel industry' More...


     Today's News

    		 Environment:
    Brett Cameron believes his return to the Hurricanes number 10 jersey marks a full circle completion of his lengthy injury layoff 17:27

     Law and Order:
    Armed police have arrested a man in Dunedin following a three-hour standoff 17:27

     Law and Order:
    A 19-year-old man has been arrested and charged following two reports about a man's suspicious behaviour in West Auckland 16:57

     Rugby League:
    Kiwis and Newcastle Knights prop Leo Thompson's facing a month-long ban after a grade-two crusher tackle in last night's NRL loss to the St George Illawarra Dragons 16:17

     Business:
    Donald Trump announces plans to double steel tariffs to 50pc to 'further secure US steel industry' 16:07

     Rugby:
    Blues captain Patrick Tuipulotu insists his side doesn't have the inside track in the race for sixth in the Super Rugby Pacific playoffs picture 15:47

     Accident and Emergency:
    One person has died following a serious two-vehicle crash in Northland 15:17

     Golf:
    Dangerous weather and then darkness has forced an end to play, on day two of the US Women's Open golf major in Wisconsin 14:47

     Rugby League:
    Questions over the amount of money that should be thrown at rugby league halfback Nathan Cleary if he shows interest in playing rugby union in the future 14:27

     Law and Order:
    Praise for the Police response, to a night of large, violent boy racer gatherings in Levin and Palmerston North 14:17

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