On 19 February and 9 April, the Reserve Bank cut the Official Cash Rate (OCR). It is now at 3.5%.
What does this mean for your business?
- Lower borrowing costs – Interest rates on loans and overdrafts may fall, making refinancing or new investments more affordable.
- Stronger consumer spending – With financial pressure easing, customers may be more willing to spend: good news for retail and service-based businesses.
- More financial flexibility – Now is a good time to review loan structures, prepare for potential rate changes, and explore investment opportunities that could support business growth.
Simply put, the OCR cut is a positive shift for many SMEs—but smart financial planning is important. Need personalised advice? Get in touch — we’re here to help.
Disclaimer: This blog has been carefully prepared, but it has been written in general terms only. The blog should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.
