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Photo: RNZ Reserve Bank super-sized official cash rate (OCR) cut favoured Majority in economists' poll favour bigger cut RBNZ usually favours quarter percentage point moves (25 basis points) At height of Covid pandemic in 2022, RBNZ made eight consecutive outsized OCR rises Retail interest rates have fallen with cuts in mortgage rates A super-sized interest rate cut by the Reserve Bank looks increasingly certain this week as economists and financial markets push for a quicker reduction in borrowing costs. The Reserve Bank started the easing cycle in August with a 25 basis point cut to 5.25 percent, first rate cut in four years, with a signal of further cuts over the next two years. A Reuters poll of 28 economists shows 60 percent expect a 50 basis point cut, while financial markets ar...

Photo: RNZ Reserve Bank super-sized official cash rate (OCR) cut favoured Majority in economists' poll favour bigger cut RBNZ usually favours quarter percentage point moves (25 basis points) At height of Covid pandemic in 2022, RBNZ made eight consecutive outsized OCR rises Retail interest rates have fallen with cuts in mortgage rates A super-sized interest rate cut by the Reserve Bank looks increasingly certain this week as economists and financial markets push for a quicker reduction in borrowing costs. The Reserve Bank started the easing cycle in August with a 25 basis point cut to 5.25 percent, first rate cut in four years, with a signal of further cuts over the next two years. A Reuters poll of 28 economists shows 60 percent expect a 50 basis point cut, while financial markets ar...