Reported about 8 hours ago
The Reserve Bank of New Zealand (RBNZ) plans to slow down its pace of rate cuts after February, following a series of 50 basis point reductions. Assistant Governor Karen Silk indicated that while inflation is expected to rise, the bank aims to maintain a mildly restrictive monetary policy. Current projections suggest the cash rate will drop to around 3.5% by the end of next year, but not below the neutral rate, as the RBNZ continues to address inflationary pressures.
Source: YAHOO