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RBNZ: Another 50bp Rate Cut As Expected

RBNZ

The RBNZ’s MPC cut the cash rate by 50bp to 3.75% as was unanimously forecast. This brings cumulative easing to 175bp. Updated staff forecasts have also been published. See the press release here. More details to follow.

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The RBNZ’s MPC cut the cash rate by 50bp to 3.75% as was unanimously forecast. This brings cumulative easing to 175bp. Updated staff forecasts have also been published. See the press release here. More details to follow.