Reported 3 days ago
The Reserve Bank of New Zealand (RBNZ) is poised to announce its third consecutive half-point interest rate cut, reducing the Official Cash Rate to 3.75% to stimulate economic growth. Economists expect further reductions toward a neutral level of 3% as inflation pressures increase, influenced by global uncertainties, particularly related to U.S. tariffs. The announcement will come alongside fresh projections and a press conference by Governor Adrian Orr.
Source: YAHOO