In a move viewed as dovish by economists, the Reserve Bank cut the Official Cash Rate by 25 basis points to 3.5%, with further cuts potentially needed to stimulate the economy. Kiwibank economists recommend a quick reduction to 2.5% by year-end due to global economic uncertainty, while the impact of increased tariffs on global inflation remains unclear under new interim Governor Christian Hawkesby’s leadership.
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Motorway mayhem: ‘Long queues’ after crash on Auckland’s Southern Motorway
A serious crash involving four cars on Auckland's Southern Motorway near the Highbrook offramp has caused significant traffic delays for northbound motorists. The collision occurred around 2:25 PM, resulting in two injuries—one moderate and one serious—as police urge drivers to be patient amid long queues at the scene. Need More Context? 🔎
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