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"Waiting is prudent": Economists expect Reserve Bank to hold off on cutting OCR

Author
Newstalk ZB,
Publish Date
Wed, 9 Jul 2025, 8:02am
Photo / Getty Images
Photo / Getty Images

"Waiting is prudent": Economists expect Reserve Bank to hold off on cutting OCR

Author
Newstalk ZB,
Publish Date
Wed, 9 Jul 2025, 8:02am

Economists say pausing the OCR could be prudent as we wait to find out more about the state of global trade.  

The Reserve Bank will make a call today on whether to cut the Official Cash Rate for a seventh consecutive time or hold it steady at 3.25%.  

There's much to consider, including uncertainty about the US tariffs.  

ASB Chief Economist Nick Tuffley told Heather du Plessis-Allan we'll have more information next month about inflation and inflation expectations.  

He says hopefully all the trade deadlines will be dealt with and we'll have more clarity about what tariffs countries face.  

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