It's a 0.25 point drop, much lower than US President Donald Trump wanted.

Trump has criticised Federal Reserve Chair Jerome Powell for not cutting more quickly.

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Other Business News

18 Sep: A view that New Zealand businesses were probably spooked by Donald Trump's tariffs

18 Sep: An expert says the economy is failing to gain momentum

18 Sep: Many are predicting a fall in GDP for quarter two

17 Sep: A warning from a Government watchdog - for councils to manage their finances carefully

17 Sep: New Zealand's current account deficit has narrowed to its smallest point in four years

17 Sep: Potential traces of salmonella has forced a recall of 'Deep' brand's Green Garlic

17 Sep: Primary school teachers are demanding more resourcing and support, as they prepare to strike

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Today's News

Entertainment:
Danielle Fishel is developing some "routines" to cope with the demands of Dancing with the Stars 11:01

Soccer:
The Football Ferns have locked in two matches against Mexico next month 10:47

Entertainment:
Tom Odell has tried to perform a concert in Ukraine amid the ongoing war 10:31

Soccer:
Liverpool have secured their first Champions League football victory of the season, albeit late 10:27

International:
Gout Gout shows class to reach 200m semifinal at World Athletics Championships 10:27

Living & Travel:
A large-scale search is underway for a 66-year-old Christchurch woman, missing since yesterday 10:27

National:
‘Fat but fit’: what the latest study reveals 10:27

National:
Magical alchemy: Arundhati Roy’s compelling memoir illuminates a ‘restless, unruly’ life 10:17

National:
Right-wing extremist violence is more frequent and more deadly than left-wing violence - what the data shows 10:07

Entertainment:
Lil Nas X is "in treatment" following his arrest in August 10:01

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