๐ฃ RBNZ cut OCR to 2.25% on 26 November 2025, a modest but cautious -0.25% move.
๐The OCR has dropped from a peak of 5.50% in July 2024, marking a -3.25% decline over the past 17-months.
๐ตAnnual CPI inflation was +3% in Sept 2025, at top of the 1โ3% RBNZ target band.
๐ผMild recovery signs seen in late-2025; labour market stabilising.
๐ฝPolicy direction will be data-driven going forward, though easing cycle may be complete.
