New Zealand’s Central Bank on Track to Deliver More Outsized Rate Cuts
The Reserve Bank of New Zealand appears set to continue delivering outsized interest-rate cuts in 2025 as inflation appears ...
Westpac admits to overcharging more than 24,000 customers in New Zealand
New Zealand's financial regulator on Monday said that Australian lender Westpac's local unit admitted to overcharging and ...
FXStreet27d
Orr Speech: RBNZ Governor sheds light on policy outlook after 50 bps rate cut
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr presents the prepared remarks on the policy statement and responds to media questions at the press conference after the November monetary ...
Westpac New Zealand admits overcharging 25,000 customers
Westpac’s New Zealand division has admitted overcharging nearly 25,000 customers a total of $NZ6.35m ($5.7m) by not giving ...
NBC New York28d
New Zealand expectedly cuts benchmark rate by 50 basis points as economy struggles
In its Wednesday statement, the central bank said economic activity in New Zealand remains subdued and output continues to be below its potential. GDP growth in New Zealand has been slowing ...
Westpac NZ admits overcharging customers $6.35m
Westpac New Zealand has admitted to “misleading representations” that resulted in $6.35 million in overcharges, the Financial ...
New Zealand sinks into recession, more rate cuts coming
New Zealand's economy sank into recession in the third quarter as activity dived far more sharply than expected and output in ...
Morningstar27d
New Zealand Central Bank Slashes Rates Further in Bid to Revive Stalled Economy — Update
SYDNEY--The Reserve Bank of New Zealand has continued to slash interest ... The tone of the RBNZ statement suggests that more cuts will be delivered next year, said Marcel Thieliant, chief ...
Hosted on MSN27d
New Zealand cuts rates by 50 bps, flags further easing
The Reserve Bank of New Zealand lowered the cash rate by half ... the New Zealand dollar rose to US$0.5873 from US$0.5829 ahead of the statement and the two year swap rate increased to 3.6550% ...