The Reserve Bank of New Zealand unexpectedly cut interest rates by 25 basis points, the first cut since March 2020

On August 14, the Reserve Bank of New Zealand unexpectedly cut interest rates by 25 basis points, lowering interest rates from 5.5% to 5.25%, the first interest rate cut since March 2020, and market expectations remained unchanged. Previously, the Reserve Bank of New Zealand chose to maintain interest rates unchanged for eight consecutive times. (Golden Ten)