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Economics

What does the RBNZ rate cut mean to Australia?

The Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023.

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Read more: Reserve Bank of New ZealandAndrew HauserDavid RobertsonGareth AirdMichele BullockNigel GreenReserve Bank of Australia