NZ central bank governor raises cutting rates by 50 bps

PTVPhilippines
PTVPhilippines
  • 2 weeks ago
NZ central bank governor raises cutting rates by 50 bps

Transcript
00:00New Zealand's central bank governor raised the possibility of cutting rates by another
00:0450 basis points by the end of the year.
00:07The Reserve Bank of New Zealand cut its benchmark rate a quarter percentage point for the first
00:13time since March 2020.
00:15This surprised some market players flagging more cuts over the next few months as inflation
00:20nears the 1 to 3 percent target.

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