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New Zealand holds official cash rate at 3.25 pct amid uncertain global outlook

NAMPA / Xinhua
2025-07-09
WELLINGTON, July 9 (Xinhua) -- New Zealand's central bank has maintained the Official Cash Rate (OCR) at 3.25 percent, while continuing to foreshadow further reductions, reflecting a cautious approach amid economic uncertainties. Officials expect annual consumer price inflation to edge toward the upper end of the 1-3 percent target range by mid-2025, but anticipate headline inflation will remain contained and fall back near 2 percent by early......
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SWAKOPMUND, 09 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

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