RBNZ按预期降息——德国商业银行。正如预期的那样，新西兰储备银行今天上午将关键利率下调25个基点至3.5%。新西兰储备银行最近大幅降息，每次降息50个基点，正如预期的那样，降息速度有所放缓。

RBNZ cuts rates as expected – Commerzbank.As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had recently cut interest rates in large steps of 50 basis points each, the pace has been slowed down, as expected.

新西兰储备银行降息，预示未来将有更多宽松政策出台——ING。新西兰储备银行（Reserve Bank of New Zealand）公布了普遍预期的降息措施，并为进一步放松政策打开了大门，因为贸易紧张局势对前景造成了压力。随着澳元和新西兰元面临压力，中美之间任何缓和的迹象都可能提供急需的缓解。

RBNZ cuts rates, signals more easing ahead – ING.The Reserve Bank of New Zealand delivered a widely expected rate cut and opened the door to further easing as trade tensions weigh on the outlook. With AUD and NZD under pressure, any sign of de-escalation between China and the US could offer much-needed relief.

新西兰储备银行：保持谨慎——渣打银行。新西兰储备银行下调25个基点至3.50%，符合2月份的指导和我们的预期。声明语气坚定：下行风险已注意到，但并不急于重新定价周期。

RBNZ: Staying measured – Standard Chartered.RBNZ cuts 25bps to 3.50%, in line with February guidance and our expectations. Statement strikes a steady tone: downside risks noted, but no rush to reprice the cycle.

新西兰基准标准普尔/新西兰50指数周三收于11807点，下跌0.7%，反映出全球主要指数的下跌，因为人们担心贸易战加剧可能导致全球经济衰退。唐纳德·特朗普总统的全面关税今天生效，包括对新西兰最大的出口市场中国征收104%的巨额关税。在国内，由于通货膨胀稳步下降和国内经济状况疲软，新西兰储备银行将其官方现金利率下调25个基点至3.5%，正如普遍预期的那样。新西兰储备银行还警告称，全球贸易壁垒对当地经济构成下行风险。该指数几乎所有板块均以下跌收盘。在大盘股中，斐雪派克（-1.6%）、Infratil（-16.6%）、Mercury NZ（-1.4%）和Spark NZ（-17%）均出现显著下跌。其他主要下跌股包括陶朗加港（-2.6%）、弗莱彻大厦（-1.3%）和萨默塞特集团（-1.8%）。

New Zealand's benchmark S&P/NZX 50 index closed 0.7% lower at 11,807 on Wednesday, mirroring declines in major global indexes amid worries that an intensifying trade war could lead to a global recession. President Donald Trump’s sweeping tariffs took effect today, including massive 104% duties on China—New Zealand’s biggest export market. Domestically, the Reserve Bank of New Zealand cut its official cash rate by 25bps to 3.5% as widely expected, amid a steady decline in inflation and weakening domestic economic conditions. The RBNZ also cautioned about downside risks to the local economy from global trade barriers. Nearly all sectors on the index finished in the red. Among large-cap stocks, notable losses were seen from Fisher & Paykel (-1.6%), Infratil (-1.6%), Mercury NZ (-1.4%), and Spark NZ (-1.7%). Other key decliners included Port of Tauranga (-2.6%), Fletcher Building (-1.3%), and Summerset Group (-1.8%).