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New Zealand's central bank signals more rate cuts, dropping rates to 3% and aiming for 2.5% by March 2026.
The Reserve Bank of New Zealand (RBNZ) has indicated a strong likelihood of further interest rate cuts, lowering the official cash rate to 2.5% by March 2026.
This decision, made after a committee vote, includes a recent cut to 3%, resulting in a drop in the New Zealand dollar and wholesale interest rates.
The move is expected to aid the economy and exporters facing tariffs, despite concerns of rising inflation.
The RBNZ's future actions will be data-dependent.
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El banco central de Nueva Zelanda señala más recortes de tasas, bajando las tasas al 3% y apuntando a 2.5% para marzo de 2026.