Central Banks

News about policymaking in the world’s major central banks with a focus on the People’s Bank of China, the Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan and the Reserve Bank of Australia.

The Reserve Bank of New Zealand cut its official cash rate, delivering its third cut in as many policy reviews. Photo: Reuters

New Zealand central bank cuts rates, signals more easing likely

New Zealand’s central bank cut its benchmark interest rate on Thursday and signalled it may ease further as the economy softens amid  a sharp fall in export prices and a slowdown in earthquake reconstruction activity in Christchurch.