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NZ's c. bank cuts OCR by 25 bps
Nada Ali Published in Amwal Al Ghad on 12 - 06 - 2025

New Zealand's Monetary Policy Committee has reduced the Official Cash Rate (OCR) by 25 basis points to 3 per cent, citing easing inflationary pressures, as per a statement from the Reserve Bank of New Zealand.
The bank said the future path of interest rates will depend on the pace of the country's economic recovery. It added that if medium-term inflation continues to decline as expected, there remains room for further reductions in the OCR.
Attribution: Amwal Al Ghad English
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