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New Zealand's central bank reports inflation within target range, signals possible rate cut amid weak growth and high unemployment.
The Reserve Bank of New Zealand reports inflation returned to its 1% to 3% target range for the 2024–25 fiscal year amid ongoing economic challenges.
Key actions included launching the Depositor Compensation Scheme, implementing the Deposit Takers Act 2023, and reviewing capital requirements for banks.
Leadership changes saw Governor Adrian Orr depart in March and Board Chair Neil Quigley step down in August, with new Governor Christian Hawkesby overseeing organizational reforms.
The bank is restructuring to improve efficiency and promote financial system competition.
Markets anticipate a rate cut, with predictions split between 25 and 50 basis points, as weak GDP and high unemployment fuel calls for stronger stimulus to boost economic activity.
El banco central de Nueva Zelanda informa de una inflación dentro del rango objetivo, y señala un posible recorte de tasas en medio de un crecimiento débil y un alto desempleo.