New Zealand Cuts Interest Rate
This is a New Zealand's news story, published by CNBC, that relates primarily to The Reserve Bank of news.
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benchmark interest rateCNBC
•New Zealand expectedly lowers benchmark rate by 50 basis points in its third straight cut
86% Informative
The Reserve Bank of New Zealand's interest rate now stands at 4.25% .
In October , the RBNZ had also cut the cash rate by 50 bps, following a 25 bps cut in August .
GDP growth in New Zealand has been slowing, falling 0.2% on an annual basis.
Lower inflation has provided the country room to cut rates and fuel economic growth.
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