Reserve Bank maintains Official Cash Rate at 2.25%

Last updated Wednesday 3:40pm

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The Official Cash Rate (OCR) affects consumers' mortgage and savings rates.

The Official Cash Rate (OCR) affects consumers' mortgage and savings rates.

The Official Cash Rate (OCR) affects consumers' mortgage and savings rates.

The Official Cash Rate (OCR) affects consumers' mortgage and savings rates.

  • The Reserve Bank of New Zealand has released the latest Official Cash Rate decision.
  • Economists were widely anticipating the Reserve Bank to hold rate at its current 2.25%.
  • Reserve Bank Governor Anna Breman had previously spoken about how global volatility has quickly shifted previous economic forecasts.
  • Today marked the first OCR decision under a revised charter for the Reserve Bank's Monetary Policy Committee, which means if there was a formal vote at the table, each committee member's position would be made public by name for the first time.
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