New Zealand's central bank is expected to cut interest rates by 0.5% to boost the economy.

The Reserve Bank of New Zealand (RBNZ) is anticipated to lower its cash rate by 50 basis points on November 27th, following previous reductions. This move aims to stimulate a struggling economy affected by domestic and global factors. The RBNZ Shadow Board and other institutions predict this cut will help the rate return to a neutral position and boost economic growth. The New Zealand dollar is expected to weaken further, potentially falling to 58 US cents by year-end due to these rate cuts and economic conditions.

November 24, 2024
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