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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: Five consecutive declines! Under the global trade war, the New Zealand Federal Reserve launched an "interest rate guerrilla war". Hope it will be helpful to you! The original content is as follows:
XM Foreign Exchange APP News--The New Zealand Fed announced on Wednesday (April 9) that it would lower the official overnight lending rate (OCR) by 25 basis points to 3.50%, which is the fifth consecutive rate cut since August last year, with a cumulative interest rate cut of 200 basis points. The decision aims to deal with the deterioration of the global trade environment and weak domestic economy, while also leaving room for subsequent policy adjustments. After the resolution was announced, the New York dollar/USD exchange rate fluctuated in the short term, once rising 0.5% to 0.5560, reflecting that the market's full digestion of policy expectations. Background and decision-making basis Amid the intensified global trade tensions, the comprehensive new tariff policy announced by US President Trump has caused market turmoil. The Fed pointed out that the increase in trade barriers has led to a worsening outlook for global economic activity, bringing "double pressure" to New Zealand - not only weakening export demand, but also affecting domestic prices through tariff transmission. The inflation rate is currently close to the median target range of 1%-3%, providing room for policy adjustments. The committee stressed that this interest rate cut is "in line with the policy mission of maintaining price stability." After the market reaction and technical analysis resolution was announced, the above content is about "[XM Foreign Exchange]: Five consecutive declines! Under the global trade war, the New Zealand Federal Reserve launched the "interest rate guerrilla war" and was carefully compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
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