Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Trump, Xi Focus on Trade and AI at White House Summit 
ECB May Stop Rate Hikes After December, Capital Economics Says 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Europe’s AI Data Centre Boom Strengthens Case for Nuclear Power 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Trump to Ease U.S. Fuel-Economy Standards 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Add as a preferred source on Google
New Zealand Cuts Cash Rate to 4.75% to Control Inflation
On Wednesday, the Reserve Bank of New Zealand (RBNZ) lowered its official cash rate (OCR) by 50 basis points to 4.75%. This decision aligns with market expectations, as 17 out of 28 economists surveyed by Reuters predicted this half-percentage-point cut.
Targeting Inflation Stability
The RBNZ aims to maintain inflation within its target range of 1% to 3%. The central bank emphasized that cutting the OCR would help stabilize inflation, employment, and exchange rates while avoiding unnecessary economic disruptions.
Second Consecutive Cut
This rate cut marks the second consecutive reduction by the RBNZ, reflecting ongoing efforts to manage inflation. The central bank is committed to balancing its monetary policy to support overall economic stability.
