NZ central bank cuts rates 50bps, flags steeper easing cycle to revive frail economy
New Zealand's central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday and flagged further reductions in borrowing costs amid moderating inflation as policymakers sought to revive a struggling economy.
New Zealand central bank cuts rates by 50bps, flags more easing to revive frail economy
NEW Zealand’s central bank cut its benchmark rate by 50 basis points to 3.75 per cent on Wednesday and policymakers flagged further reductions in borrowing costs amid moderating inflation as they sought to revive a struggling economy.
ASB is dropping variable interest rates across personal, business and rural lending by 0.50%, passing on today’s Official ...
Between December 2023 and December 2024, ASB increased full-time staff numbers by 343, or 6%, to 6,272. This was attributed ...
ASB says it has cut rates on some mortgage terms. The bank today said its 6-month term dropped 10 basis points to 5.89%, the ...
Net departures of New Zealand citizens – which includes about 25,000 who returned home – were a record 47,000, surpassing the ...
The OCR, which can influence bank interest rates, currently sits at 4.25 per cent but will be reviewed at 2pm on Wednesday, ...
NEW Zealand’s jobless rate rose to a four-year high at the end of last year as hiring fell in the wake of a sharp recession. Read more at The Business Times.
New Zealand’s jobless rate rose to a four-year high at the end of last year as hiring fell in the wake of a sharp recession.
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