New Zealand cuts the rates per fourth consecutive time in the attempt to boost a deceleration economy

The New Zealand Central Bank reduced the reference rates at 50 basic points to 3.75%, marking its fourth consecutive cut, since inflation of inflation offers the Central Bank room to boost a spray economy.

The measure was in line with the expectations of economists surveyed by Reuters, and marks the lowest policy rate since November 2022.

In his monetary policy statement, the Central Bank said inflation remained close to the midpoint of its 1%-3%target band.

New Zealand reported that the main inflation rate of 2.2% in the quarter ended in December 2024, and prices growth fell for seven of the last eight quarters, according to LSE data.

The rate cut also arrives at a time when the country’s growth has decreased by a year to year to Five straight rooms Until September 2024, according to government data.

He New Zealand dollar strengthened by 0.4% to operate 0.568 against the green back.

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