8 months ago
24
The Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signalled further easing on Wednesday.
The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent.
The bank said the further data on the speed of New Zealand's economic recovery will influence the future path of the interest rate.
"If medium-term inflation pressures continue to ease as expected, there is scope to lower the OCR further," the bank said in a statement.
Headline inflation is forecast to return to around the 2 percent target midpoint by middle of 2026.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
English (US) ·