New Zealand Cuts rates

Source: Dukascopy Bank SA
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 target, but it has been falling faster than expected, and local demand is weakening. People are spending less, and the housing market remains soft.



Global uncertainty—such as trade issues, conflicts, and slower growth in countries like China and Australia—also influenced the bank's decision. Other central banks, like the U.S. Federal Reserve, are also taking a cautious approach. This rate cut could ease pressure on households and businesses by making borrowing cheaper. However, the RBNZ said it will continue to watch inflation and other key indicators before making more changes.
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