ANZ, the Australian bank, said it now expected two further interest rate cuts after the dovish pivot. The New Zealand dollar fell 1.1 per cent against the US dollar to a four-month low.

New Zealand’s central bank cut its policy rate by 25 basis points today (August 20) and said that the country’s economic recovery had stalled.

The Reserve Bank of New Zealand will lower its key interest rate to 3% on Wednesday to support the economy amid contained inflation and labour market weakness, a Reuters poll showed. In July, the central bank held rates at 3.

New Zealand's central bank has cut its policy rate by 25 basis points (bps) to a three-year low of 3%, and flags further reductions in the coming months as policymakers warn of domestic and global headwinds to growth.

New Zealand's central bank governor Adrian Orr said on Tuesday an easing bias on interest rates will remain in place for now and that softer global economic conditions had contributed to the bank ...

New Zealand's central bank raised its benchmark interest rate again Wednesday, May 24, 2023, to 5.5% but signaled its next move would be a cut, sparking a sell-off in the currency.

New Zealand on Wednesday passed legislation returning the central bank's mandate to a sole focus on inflation, removing the need to take employment into account when making monetary policy decisions.

New Zealand's central bank said, Sunday Jan. 10, 2021, that one of its data systems has been breached by an unidentified hacker who has potentially accessed commercially and personally sensitive ...