The Reserve Bank of New Zealand (RBNZ) announced on Wednesday that it cut the Official Cash Rate (OCR) by 25 basis points (bps) from 3.75% to 3.5% after concluding the April monetary policy meeting.

The New Zealand central bank's operating budget will be cut by roughly 25% in the coming fiscal year and set at roughly NZ$150 million ($88.50 million) for each of the next five years, New Zealand's ...

Christian Hawkesby has been appointed as Governor of the Reserve Bank of New Zealand (RBNZ) for a six-month term as the search for a permanent leader continues, Finance Minister Nicola Willis said ...