The Reserve Bank of New Zealand lowered interest rates further on Wednesday in an effort to spur recovery in an economy that for now remains moribund, with unemployment at its highest level in nearly a decade.
The official cash rate was lowered to 2.25% from 2.50%, bringing the total reduction since mid-2024 to 325 basis points.
Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
About the Author
