Reported 2 months ago
The Reserve Bank of New Zealand may announce an interest rate cut this Wednesday, potentially departing from its earlier guidance. With inflation slowing and unemployment rising, market expectations have surged for a rate decrease from the current 5.5%. A recent survey revealed that many analysts anticipate the central bank will act sooner than expected, with a significant portion predicting a reduction to 5.0% by year's end.
Source: YAHOO