Since August, the RBNZ has lowered the Official Cash Rate (OCR), recently making a 50-basis-point cut to 4.75%, with a further reduction anticipated at November’s policy decision. Orr highlighted the RBNZ’s strategy of steady, “incremental” easing, mentioning, “We’re being more incremental because we’re in calmer waters but also because of that lingering inflation persistence on the domestic side.”
Luxon raises missile concerns with Xi at Apec, highlights Pacific security
“A concern for many of us in the Pacific.”
