Wed, 28 May 2025 07:50:03 GMT
New Zealand Cuts rates
New Zealand's central bank has cut interest rates by 25 basis points, lowering the official cash rate from 5.50% to 5.25%. The move is aimed at supporting the economy as global risks increase and domestic spending slows.
The Reserve Bank of New Zealand (RBNZ) said it may need to cut rates further if global economic troubles continue. Inflation is still above