9 Apr 2025

Reserve Bank cuts official cash rate by 25 basis points

From Checkpoint, 5:17 pm on 9 April 2025

It was a move that was widely predicted - but comes amid enormous economic upheaval with Trump's tariffs sending markets into a spin. While previously most forecasts didn't expect a lot more cuts from here, commentators now say the international financial turmoil caused by the US could actually mean the OCR goes even lower than expected. Money correspondent Susan Edmunds has more.