The official cash rate has been cut by 50 points, providing homeowners with some relief, and retailers with some hope.
Christopher Luxon has used social media to warn beneficiaries that his government intends to enforce tough new sanctions to make them look for work.
New Zealand’s Finance Minister says the country has ’turned the corner on interest rates’ as inflation reaches 2.2 percent, but the economy still has issues.
Finance Minister Nicola Willis has told the Bank to use its regulatory powers to encourage more banking competition, or the government will act.
The Bank today lowered the Official Cash Rate (OCR) by 50 basis points in an attempt to boost a sluggish economy.
New Zealand’s Reserve Bank says its following the trend of central banks worldwide, despite the US Federal Reserve’s recent 0.5 percentage point cut.
The Reserve Bank of New Zealand has made a surprise decision to reduce the official cash rate, and banks are dropping loan rates.
The official cash rate has been cut by 50 points, providing homeowners with some relief, and retailers with some hope.
Christopher Luxon has used social media to warn beneficiaries that his government intends to enforce tough new sanctions to make them look for work.
New Zealand’s Finance Minister says the country has ’turned the corner on interest rates’ as inflation reaches 2.2 percent, but the economy still has issues.
Finance Minister Nicola Willis has told the Bank to use its regulatory powers to encourage more banking competition, or the government will act.
The Bank today lowered the Official Cash Rate (OCR) by 50 basis points in an attempt to boost a sluggish economy.
New Zealand’s Reserve Bank says its following the trend of central banks worldwide, despite the US Federal Reserve’s recent 0.5 percentage point cut.
The Reserve Bank of New Zealand has made a surprise decision to reduce the official cash rate, and banks are dropping loan rates.