直线拉升！降息25个基点！刚刚，这国央行宣布！

Core Viewpoint - The Reserve Bank of New Zealand has lowered the official cash rate by 25 basis points to 3%, marking a total reduction of 250 basis points since the beginning of the current easing cycle in August 2022, indicating a shift towards a more accommodative monetary policy [1][2][7]. Group 1: Interest Rate Changes - On August 20, the Reserve Bank of New Zealand cut the policy rate by 25 basis points to 3%, aligning with market expectations [2]. - The decision was made with a vote of 4 in favor and 2 against, after discussions on maintaining rates, a 25 basis point cut, or a 50 basis point cut [2][8]. - The central bank anticipates further rate reductions, projecting the official cash rate to be 2.71% by December 2025, down from a previous estimate of 2.92% [8]. Group 2: Economic Context - The annual Consumer Price Index (CPI) is currently at the upper end of the target range of 1% to 3%, expected to rise to 3.0% by September 2025, but inflationary pressures are easing [6][9]. - The New Zealand economy is facing dual risks, with cautious consumer and business spending potentially hindering growth, while the effects of rate cuts could accelerate recovery [9][10]. - The economic recovery has stalled in Q2 2025 due to various factors, including global economic uncertainty and rising living costs [9][10]. Group 3: Market Reactions - Following the announcement of the rate cut, the New Zealand stock market surged, with the MSCI New Zealand Index rising over 2% and the NZ50 Index increasing by approximately 1.5% [1][2]. - The New Zealand dollar depreciated against the US dollar, with an increase of over 1% in the USD/NZD exchange rate [1].