NZ central bank cuts rates 50bps, flags steeper easing cycle to revive frail economy
New Zealand's central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday and flagged further reductions in borrowing costs amid moderating inflation as policymakers sought to revive a struggling economy.
New Zealand Central Bank Cuts Rates by 50 Basis Points
New Zealand's central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday as policymakers sought to revive a struggling economy, and markets bet that moderating inflation will bring borrowing costs even lower over coming months.
New Zealand's Bold Monetary Shift: Central Bank Cuts Rate to Stimulate Economy
The Reserve Bank of New Zealand slashed its benchmark rate by 50 basis points to 3.75%, addressing a struggling economy and moderating inflation. Economists forecast further reductions as the RBNZ seeks economic revival amidst global uncertainties.
The Reserve Bank of New Zealand (RBNZ) building in Wellington, New Zealand, on Wednesday, Feb. 22, 2023. This marks the ...
The RBNZ forecasts further cuts will be delivered this year, but in smaller moves, not the blockbuster 50-basis-point cuts ...
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