New Zealand cuts cash rate by 50 bps, flags further easing

By Yahoo! Finance   |   1 month ago
New Zealand cuts cash rate by 50 bps, flags further easing

The Reserve Bank of New Zealand cut the cash rate by 50 basis points to 4.25% due to subdued economic activity and inflation near the target range. Further rate cuts are expected in early 2025 to stimulate growth and stabilize inflation.

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