Reported 14 days ago
The Reserve Bank of New Zealand is expected to aggressively ease its monetary policy as it faces a three-month gap until its next meeting, prompting analysts to anticipate a significant rate cut of up to 75 basis points. Economic indicators show rising unemployment and a shrinking economy, compelling the RBNZ to rethink its meeting schedule established in 2016. With inflation pressures easing, there remains a strong push for preemptive action to stabilize the economy before the long summer break.
Source: YAHOO