The Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signalled further easing on Wednesday.
The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank said the further data on the speed of New Zealand's economic recovery will influence the future path of the interest rate.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.