New Zealand's interest rates are in freefall, with the central bank cutting for a fifth-consecutive meeting to leave the official cash rate at 3.5 per cent.
With the threat of a US tariff-led global downturn growing by the day, rates may continue to fall for some time yet, and as low as 2.75 per cent.
Wednesday's 25 basis points cut was widely signposted by the Reserve Bank (RBNZ) and expected by markets.
