New Zealand's central bank cut its policy rate by 25 basis points to a three-year low of 3.00% on Wednesday, and flagged further reductions in coming months as policymakers warned of domestic and global headwinds to growth.

New Zealand's central bank governor Adrian Orr said on Tuesday an easing bias on interest rates will remain in place for now and that softer global economic conditions had contributed to the bank ...

New Zealand on Wednesday passed legislation returning the central bank's mandate to a sole focus on inflation, removing the need to take employment into account when making monetary policy decisions.

New Zealand's central bank raised its benchmark interest rate again Wednesday, May 24, 2023, to 5.5% but signaled its next move would be a cut, sparking a sell-off in the currency.