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UOB: It is expected that the Reserve Bank of New Zealand will cut interest rates by 50 basis points this week.
On November 25th, according to a research report by Lee Sue Ann, an economist at uob's global economic and market research, the New Zealand Reserve Bank may be the central bank with the most significant interest rate cuts globally, at least for now. The economist pointed out that since August, the New Zealand Reserve Bank has cut rates by 75 basis points in just two meetings, following worsening economic data after the October meeting. The economist added that although New Zealand's annual inflation rate has now returned to the target range of the New Zealand Reserve Bank, the unemployment rate has risen to its highest level in four years, and the economy is contracting. uob currently expects New Zealan
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Express News | Goldman Sachs: The Singapore stock market looks attractive, but the current performance is unremarkable.
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