• 2 months ago
New Zealand cuts interest rate for first time since 2020, signals more easing ahead
Transcript
00:00New Zealand's central bank cut its benchmark cash rate by 25 basis points to 5.25 percent,
00:07the first reduction since March 2020.
00:10This surpassed markets and cost the Kiwi dollar to fall.
00:13The RBNZ signaled more cuts could follow if inflation remains on target.
00:19Economic weakness and expectations of further rate reductions have shifts in market forecast.

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