OCR cut to lowest level in three years
Update: 2025-11-26
Description
The Reserve Bank has dropped the OCR to its lowest level in three years, down to 2.25%. Some home loan rates started to drop just minutes after the OCR cut of 25 basis points. The Reseve Bank says economic growth has "likely" resumed and will likely increase off the back of lower interest rates. Kiwi Bank Chief Economist Jarrod Kerr spoke to Lisa Owen. The Reserve Bank has dropped the OCR to its lowest level in three years, down to 2.25%. Some home loan rates started to drop just minutes after the OCR cut of 25 basis points. The Reserve Bank says economic growth has "likely" resumed and will likely increase off the back of lower interest rates. Kiwi Bank Chief Economist Jarrod Kerr spoke to Lisa Owen.
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