Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
New Zealand's central bank held interest rates steady, citing economic uncertainty and tighter financial conditions.
New Zealand’s central bank, led by Governor Anna Breman, signaled that the official cash rate (OCR) of 2.25% is likely to remain unchanged for the foreseeable future, despite a small chance of a near-term cut.
Breman emphasized that monetary policy is not on a preset path, with the Reserve Bank closely monitoring economic data, inflation, and financial conditions ahead of its next decision in February.
The central bank noted that financial markets have tightened beyond its projections, contributing to rising wholesale interest rates.
In response, ANZ, New Zealand’s largest bank, raised fixed mortgage and term deposit rates, citing higher wholesale costs, while economists warned of ongoing uncertainty for borrowers.
El banco central de Nueva Zelanda mantuvo las tasas de interés estables, citando la incertidumbre económica y las condiciones financieras más estrictas.