The Reserve Bank said it has probably done enough to return inflation to target as economic growth quickens.
The Reserve Bank of New Zealand has reduced the Official Cash Rate (OCR) by 25 basis points to 1.75%.
After several false dawns, New Zealand’s central bank may be finally arriving at the end of its easing cycle.
New Zealand inflation slowed less than economists forecast in the third quarter, prompting the local dollar to jump.
The Reserve Bank has said it still expects to cut interest rates to a fresh record low to revive inflation.
Finance minister Bill English said an emerging debate about how to end massive monetary easing will help the economy.
AIA Group and Zurich Insurance have lobbed bids to buy Sovereign and CommInsure
Now in their sixth year, the Awards recognise excellence and achievement by the top performing individuals and businesses from across the industry
The major bank has received the award for the third year running