International Economic

RBNZ slashes cash rate but warns on slower global growth, trade wars

By Frank Prenesti

Date: Wednesday 19 Feb 2025

(Sharecast News) - New Zealand's central bank slashed its benchmark interest rate by 50 basis points on Wednesday but warned on geopolitical tensions and slower global growth.
The official cash rate (OCR) was cut to 3.75% from 4.25%, adding to 125 basis points in reductions already implemented by the Reserve Bank...

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