New Zealand’s central bank cuts benchmark rate by 25 bps to 3.25%

New Zealand’s central bank recently reduced its benchmark rate by 25 bps to 3.25 per cent, foreseeing a slightly deeper easing cycle than it projected three months ago.
In this sixth consecutive cut, the central bank confirmed that there will be further rate cuts, but it may not be as soon as being widely expected.
It projects annual CPI inflation at 1.9 per cent by June 2026.Read More