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New Zealand slashes rates for a fourth straight time in bid to boost a slowing economy

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Summary
Nutrition label

83% Informative

Reserve Bank of New Zealand slashes benchmark rates by 50 basis points to 3.75% .

This marks the fourth straight cut from the RBNZ , and brings the policy rate to the lowest since November 2022 .

The central bank said inflation remained near the mid-point of its target band of 1%-3% , prompting the move.

VR Score

92

Informative language

98

Neutral language

18

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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