Breaking News: OCR Reduced by 25 Basis Points to 5.25%
The Reserve Bank has just announced a reduction in the Official Cash Rate (OCR) by 25 basis points, bringing it down to 5.25%.
The OCR is a key tool that influences the cost of borrowing money in New Zealand, allowing the Reserve Bank to manage economic activity and inflation levels.
What do you think? Is the reduction good or bad?
