Economy News New Zealand Slips Into Its Second Recession In 18 Months As Economy Contracts
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NZ central bank cuts rates to over 3-year low, signals end to easing cycle
New Zealand's central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday, its lowest level since mid-2022, but policymakers signalled an end to the easing cycle as the ... Read More
New Zealand Dollar on Cusp of Erasing 2025 Gain on Rate-Cut Bets
New Zealand’s dollar is on the verge of becoming the first major developed-market currency to wipe out its gains against the greenback this year as aggressive central bank interest-rate cuts weigh on ... Read More
New Zealand Firms’ Gloomy Outlook Raises Risk of Recession
New Zealand businesses were less optimistic in the third quarter, raising the risk of another recession and deeper interest-rate cuts from the central bank. A net 18% of businesses expect the economy ... Read More
New Zealand Delivers Jolt to Frail Economy With 50-Bp Rate Cut, Flags More Easing
WELLINGTON (Reuters) -New Zealand's central bank slashed its benchmark rate by an aggressive 50 basis points on Wednesday, surprising some in the markets as policymakers signalled concerns about the ... Read More
New Zealand delivers jolt to frail economy with 50-bp rate cut, flags more easing
RBNZ cuts benchmark rate by an aggressive 50bps, signals more to come NZ dollar and interest rate swaps tumble post-rate cut RBNZ's larger cut comes as economy struggles despite previous raft of cuts ... Read More
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