New Zealand Cuts Interest Rates
This is a New Zealand news story, published by CNBC, that relates primarily to * Reserve Bank news.
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rate cutCNBC
•Business
Business & Economics
New Zealand slashes rates for a fourth straight time in bid to boost a slowing economy

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
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Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
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Time-value
short-lived
External references
1
Source diversity
1
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