Australia considers rate cuts as inflation holds, New Zealand lowers rate to 3.25%

Australia’s Consumer Price Index (CPI) held steady at 2.4% in April, meeting the RBA’s target. The RBA’s recent cash rate cut reflects a cautious approach to global economic tensions and domestic inflation rates.

New Zealand’s Reserve Bank has reduced its benchmark rate to 3.25%, indicating a potential for more easing. This decision aligns with efforts to support growth in a tightening global landscape.