N. Zealand cuts interest rate

The Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee has decided to cut the official cash rate by 25 basis points to 3.25 per cent, according to official data published by the bank on.

The report added that the annual consumer price index inflation rose to 2.5 per cent in Q1 2025, with expectations up across firms and households. While core inflation is falling, there is excess productive capacity in the economy.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama