NZ central bank cuts rates 50bps, flags steeper easing cycle to revive frail economy
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 Central Bank Cuts Rates by 50 Basis Points
New Zealand's central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday as policymakers sought to revive a struggling economy, and markets bet that moderating inflation will bring borrowing costs even lower over coming months.
The Reserve Bank of New Zealand (RBNZ) building in Wellington, New Zealand, on Wednesday, Feb. 22, 2023. This marks the ...
The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank. Its primary role is to “give people, communities and businesses the confidence to spend, borrow and save money” by ...
The RBNZ forecasts further cuts will be delivered this year, but in smaller moves, not the blockbuster 50-basis-point cuts ...
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Adrian Orr, governor of the Reserve Bank of New Zealand, says tariffs will reduce global potential economic growth and lead ...
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