Central Banks Play Interest Rate Limbo: How Low Can They Go?
Key Points
- New Zealand's central bank cuts interest rates to 3.25% amid...
Money doesn't grow on trees, but apparently interest rates can fall from them - just ask New Zealand and South Africa's central banks who seem determined to prove gravity works in finance too.
Kiwis Take Flight (Downward)
The Reserve Bank of New Zealand (RBNZ) just couldn't resist joining the "rate-cutting party," slashing their benchmark rate by 25 basis points to 3.25%. Their excuse? Those pesky U.S. trade policies are making everyone nervous. It's almost as if they're trying to win a "Who can make their currency worth less?" contest.
Rand-om Expectations
Meanwhile, South Africa's ...
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