Live: Reserve Bank cuts OCR to 4.25%

Wednesday, 27 November 2024

Adrian Orr explains the decision to lower the official cash rate by 50 basis points to 4.25%. He discusses easing inflation and a subdued economy, but with a recovery expected by 2025. The Bank remains prepared to respond to future shocks.

The Reserve Bank has announced a 50 basis points cut to the official cash rate (OCR), bringing it down to 4.25%.