UPDATE 2-New Zealand’s central bank stuns markets with hefty 50bp rate cut, kiwi dlr dives
New Zealand’s central bank
stunned markets on Wednesday by cutting the official cash rate
(OCR) by a bigger-than-expected 50 basis points, 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, and looked set
to keep policy lower for longer in the face of growing economic
risks.
Posted by Reuters