Consumer spending remains sluggish despite falling interest rates

Consumer spending remains sluggish despite falling interest rates

Consumer spending remained weak in March despite recent interest rate cuts, according to new data from Worldline NZ. The figures show little change from February’s subdued spending patterns, reflecting a cautious retail environment. Consumer spending through all core retail merchants in Worldline NZ’s payments network totalled $3.95 billion for March 2025, down -0.8 percent compared to the same month last year after accounting for merchant chang…