RBNZ eyes inflation pressures despite rate cuts, Orr says

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.”

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