Equities in New Zealand fell 10 points, or 0.1%, to 12,918 in morning trade on Wednesday, extending losses from the previous session as traders remained cautious ahead of the interest rate decision later today. The NZX 50 tracked a decline on Wall Street overnight, weighed down by losses in major tech sectors. Caution prevailed despite expectations that the RBNZ would ease monetary policy by cutting the interest rate by 25 basis points to 3%, amid a weak economy and high unemployment. Traders also anticipate an interest rate decision from China, New Zealand's top trading partner, later today. Attention is also focused on Fed Chair Powell's upcoming speech in Jackson Hole this Friday, as markets look for signals regarding the interest rate decision at the Fed's September meeting. The tech sector primarily dragged the index lower, followed by declines in healthcare and real estate. Early losers included Gentrack Group (-2.0%), Briscoe Group (-1.3%), and Fisher & Paykel (-0.7%).