{"id":64403,"date":"2025-10-08T01:24:09","date_gmt":"2025-10-08T01:24:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/64403\/"},"modified":"2025-10-08T01:24:09","modified_gmt":"2025-10-08T01:24:09","slug":"reserve-bank-slashes-official-cash-rate-by-50-basis-points","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/64403\/","title":{"rendered":"Reserve Bank slashes Official Cash Rate by 50 basis points"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/10\/4L8I2XP_ocr2_jpg\" width=\"1050\" height=\"656\" alt=\"Reserve Bank of New Zealand office and OCR text\"\/><\/p>\n<p class=\"photo-captioned__information\">\n<p>Photo: RNZ\n<\/p>\n<p>The Reserve Bank has cut the official cash rate by 50 basis points to 2.5 percent.<\/p>\n<p>The Reserve Bank had been facing a difficult decision on how much to cut its benchmark interest rate on Wednesday.<\/p>\n<p>Several economists and other commentators had betting on a drop of 50 basis points, while others had been picking a 25 -point cut.<\/p>\n<p>A <a href=\"https:\/\/www.rnz.co.nz\/news\/business\/575249\/weaker-business-survey-tips-odds-towards-bigger-rbnz-rate-cut\" rel=\"nofollow noopener\" target=\"_blank\">business survey yesterday highlighted a gloomy business outlook<\/a> in a weakening economy, adding weight to the case for a bigger cut.<\/p>\n<p>Finance Minister Nicola Willis has said there&#8217;s no doubt the economy is facing a challenging recovery but said -stimulation by the government wouldn&#8217;t help it.<\/p>\n<p><a href=\"https:\/\/radionz.us6.list-manage.com\/subscribe?u=211a938dcf3e634ba2427dde9&amp;id=b3d362e693\" rel=\"nofollow noopener\" target=\"_blank\">Sign up for Ng\u0101 Pitopito K\u014drero<\/a>, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"Photo: RNZ The Reserve Bank has cut the official cash rate by 50 basis points to 2.5 percent.&hellip;\n","protected":false},"author":2,"featured_media":61267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[48,138,47,219,111,43,139,69,49,46,44,45],"class_list":["post-64403","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-audio","tag-business","tag-current-affairs","tag-economy","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-podcasts","tag-public-radio","tag-radio-new-zealand","tag-rnz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/64403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=64403"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/64403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/61267"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=64403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=64403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=64403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}