RBNZ cuts cash rate 25bps to 3.50%

RBNZ's Christian Hawkesby oversees a rate cut. (Image: NZME)

Wed, 09 Apr 2025

The Reserve Bank of New Zealand cut the official cash rate by 25bps to 3.50% as expected and signalled emerging risks as the trade war unfolds."The recently announced increases in global trade barriers weaken the outlook for global economic activity. On balance, these developments create downside risks to the outlook for economic activity and inflation in New Zealand," it said in a brief statement. According to the record of meeting, recent global policy developments have shifted the balance of risk for New Zealand inflation lowe...

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