The New Zealand central bank left its key interest rate unchanged at a record low but hinted a rate cut over time to underpin subdued economic growth.The Monetary Policy Committee of Reserve Bank of New Zealand, on Wednesday, maintained the official cash rate at 1.50 percent. The decision came in line with expectations. The bank had last lowered the rate in May, by a quarter point."Given the downs...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.