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AAP
AAP
Ben McKay

Hawkish RBNZ warns Kiwis off cash rate cuts until 2025

NZ Inflation New Zealand RBNZ

New Zealand's central bank has warned Kiwi mortgage holders not to expect interest rate cuts until 2025.

In a hawkish statement delivered on Wednesday, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr held the official cash rate (OCR) at 5.5 per cent.

The RBNZ has left the OCR untouched since May, with Mr Orr repeating his "watch, worry and wait" mantra for inflation to slow.

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