UPDATE 1-New Zealand’s central bank stuns markets with 50-bp rate cut
New Zealand’s central bank
stunned markets on Wednesday by cutting the official cash rate
(OCR) by a bigger-than-expected 50 basis points to a record-low
1.00%, and looked set to keep policy lower for longer in the
face of growing economic risks.
stunned markets on Wednesday by cutting the official cash rate
(OCR) by a bigger-than-expected 50 basis points to a record-low
1.00%, and looked set to keep policy lower for longer in the
face of growing economic risks.
Posted by Reuters