The Reserve Bank of New Zealand reduces the cash rate by 25 basis points and lowers its rate forecasts.
The Reserve Bank of New Zealand unexpectedly lowered its cash rate by 25 basis points to 5.25% on Wednesday, surprising economists who had anticipated the rate to remain steady at 5.5%. This marks the central bank’s first rate cut since March 2020. The Reserve Bank of New Zealand’s recent rate cuts and lowered forecasts could
Chinese 
English