Interest Rates Cut Again

The Reserve Bank of New Zealand (RBNZ) has delivered another 50 bps interest rate cut, bringing the Official Cash Rate (OCR) down to 3.75%. This latest reduction is part of an ongoing effort to revive economic activity amid softening inflation and sluggish growth. Further cuts are expected, with the OCR likely to finish the year closer to 3%, impacting businesses, investors, and everyday savers.