Reported 3 days ago
The Reserve Bank of New Zealand reduced its key interest rate by 50 basis points to 3.75% in an effort to stimulate the struggling economy and indicated potential further cuts later this year. With inflation moderating, the RBNZ is projecting rates may decrease to 3.45% by June and 3.10% by year-end, although risks from global economic uncertainties persist. This decision aligns with a general trend among central banks to lower rates amid easing inflation.
Source: YAHOO