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.

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.

The New Zealand Dollar is the worst performer of the G8 currencies so far on Wednesday. The pair has lost more than 1% against the US Dollar, following a “dovish cut” by the Reserve Bank of New Zealand earlier today, which sent the pair to four-month lows at 0.5815.

New Zealand’s central bank plans to cut about a fifth of its workforce in the next two months in response to the government’s decision to limit its funding.

Former New Zealand central bank governor Adrian Orr's surprise resignation in March was due to his disagreements with the Treasury ministry over proposed cuts to the bank's operating budget ...

The central bank on Wednesday kept its cash rate at a record low 0.25% and maintained a ceiling of 100 billion New Zealand dollars ($70.5 billion) for its purchases of New Zealand government bonds.

WELLINGTON, New Zealand — New Zealand’s central bank said Sunday that one of its data systems has been breached by an unidentified hacker who potentially accessed commercially and personally ...

WELLINGTON, Nov 3 (Reuters) - New Zealand’s central bank needs to improve its understanding of how climate change, the macroeconomy and monetary policy interact, Governor Adrian Orr said on Friday.

WELLINGTON, New Zealand--The Reserve Bank of New Zealand said it is boosting monetary stimulus to counter the pandemic's economic damage. The central bank on Wednesday raised the limit of its ...