Markets

Today’s RBNZ rate decision looms as a humdinger

Today’s Reserve Bank of New Zealand (RBNZ) monetary policy decision looks set to be a humdinger, much like the Reserve Bank of Australia one month earlier, with economists, and to a lesser degree markets, split as to whether New Zealand will reduce interest rates to fresh record low of just […]
Today’s RBNZ rate decision looms as a humdinger
Markets

New Zealand just stunned markets by cutting rates

The Reserve Bank of New Zealand stunned financial markets earlier today, cutting its overnight cash rate by 0.25% to 2.25%. The decision, correctly predicted by only 4 of 21 economists polled by Thomson Reuters, left the cash rate at the lowest level on record. In the accompanying monetary policy statement […]
New Zealand just stunned markets by cutting rates
Markets

NEW ZEALAND CUTS RATES

New Zealand is joining the monetary easing party. It was predicted by 15 of 17 economists polled by Bloomberg, but the Reserve Bank of New Zealand (RBNZ) cut its official cash rate by 0.25% to 2.50% this morning, taking it back to the equal lowest level on record. Amidst low […]
NEW ZEALAND CUTS RATES