New Zealand central bank reduces interest rate to 2.25 pct amid soft growth

NAMPA / Xinhua

2025-11-26

WELLINGTON, Nov. 26 (Xinhua) -- New Zealand's central bank cut its benchmark interest rate by 25 basis points to 2.25 percent on Wednesday, taking the Official Cash Rate (OCR) to a three-year low to support economic recovery. Annual consumers price inflation increased to 3 percent in the September quarter but is expected to fall to around 2 percent by mid‑2026 as spare capacity in the economy absorbs price pressures, the Reserve Bank of New Ze......

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