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New Zealand Cuts Cash Rate Amid Economic Uncertainty

5/28/2025

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Summary

Story summary

The Reserve Bank of New Zealand has lowered the official cash rate by 25 basis points to 3.25%, signaling its second consecutive cut amid economic uncertainty. A split 5-1 vote highlights the debate among officials. As inflation stabilizes, the housing market remains cautious, with only modest sales and price growth expected through 2025.

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Story summary

The Reserve Bank of New Zealand has lowered the official cash rate by 25 basis points to 3.25%, signaling its second consecutive cut amid economic uncertainty. A split 5-1 vote highlights the debate among officials. As inflation stabilizes, the housing market remains cautious, with only modest sales and price growth expected through 2025.