India and New Zealand Cut Rates, Fueling Speculation Over Crypto Market

Two countries, India and New Zealand, have both announced rate cuts in a bid to stimulate their economies amid global economic uncertainty. The Reserve Bank of India lowered its benchmark lending rate from 6.25% to 6%, prioritizing domestic growth while remaining vigilant about inflation. Similarly, the Reserve Bank of New Zealand adjusted its official cash rate to 3.5% acknowledging diminished economic momentum. Both decisions reflect growing concerns about weakening global trade and international relations. 🇨🇳 🌎