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New Zealand's economy struggles with a trade deficit, prompting further interest rate cuts by the RBNZ.
New Zealand's economy faced challenges in the second quarter due to US trade policies, leading to a series of interest rate cuts by the Reserve Bank of New Zealand (RBNZ).
Despite a 10% increase in exports, New Zealand reported a NZ$578 million trade deficit in July, missing expectations for a surplus.
The RBNZ expects economic improvements but not a full recovery soon, with more rate cuts likely.
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La economía de Nueva Zelanda lucha con un déficit comercial, lo que provocó nuevos recortes de las tasas de interés por parte de la RBNZ.