The Reserve Bank has cut the official cash rate by 25 basis points to 3.5 percent, as widely expected.
The central bank said the economy was facing headwinds, but inflation was contained and there were signs of growth.
It said the impact of tariffs and growing global uncertainty would be watched and influence the pace of further rate moves.
Earlier on Wednesday, Finance Minister Nicola Willis was adamant the government would not overreact to world events outside its control.
ISSUE
Friday, April 11, 2025
Volume 16 . Issue 54