Reported about 3 hours ago
New Zealand's Reserve Bank has just reduced the Official Cash Rate to 4.25% and indicated that a further significant cut could occur early next year if economic conditions align with expectations. With forecasts showing a decline to 3.83% by mid-2025, the RBNZ anticipates a recovery in the economy as lower rates stimulate demand, despite warning of ongoing inflation concerns and a potential recession.
Source: YAHOO