New Zealand's central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday and flagged further reductions in borrowing costs amid moderating inflation as policymakers sought to revive a struggling economy.

New Zealand’s central bank today (February 19) reduced its policy rate by 50 basis points to 3.75% amid weak activity, falling inflation and looming trade concerns.

New Zealand's central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday and policymakers flagged further reductions in borrowing costs amid moderating inflation as they sought to revive a struggling economy.

The Reserve Bank of New Zealand slashed its benchmark rate by 50 basis points to 3.75%, addressing a struggling economy and moderating inflation. Economists forecast further reductions as the RBNZ seeks economic revival amidst global uncertainties.

New Zealand's central bank has cuts its benchmark rate by 50 basis points to 3.75% and policymakers have flagged further reductions in borrowing costs amid moderating inflation as they seek to revive a struggling economy.

The Reserve Bank of New Zealand has cut its benchmark interest rate by 50 basis points to 3.75%, in an effort to boost economic activity while inflation pressures continue to ease. This is its third 50-bp cut,

New Zealand's central bank slashed its benchmark rate by 50 basis points to 3.75% to combat moderating inflation and stimulate the struggling economy. The Reserve Bank of New Zealand forecasts additional cuts,