Reported 2 days ago
A senior official from the Reserve Bank of New Zealand stated that the country's interest rates currently fall within a neutral band of 2.5%-3.5%. With past policy easing yet to impact the economy, future interest rate decisions will hinge on economic developments. The RBNZ recently cut rates by 25 basis points to 3.25% but indicated that further cuts will be data-driven, as uncertainties in global trade and a challenging economic environment persist.
Source: YAHOO