RBNZ lowers interest rates 0.25% amid slowdown

The Reserve Bank of New Zealand reduced its OCR rate to 5.50 per cent on 24 April. Speaking after the decision Reserve Bank Governor Alan Bollard said "With the passage of time, we are now more confident that inflationary pressures will ease, which is the basis of today's decision".

Source: RBNZ

The Reserve Bank today reduced the Official Cash Rate from 5.75 per cent to 5.50 per cent.

Reserve Bank Governor Alan Bollard commented "In January this year, we said that if the exchange rate remained u

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