New Zealand's central bank cuts cash rate 50 bps
Reuters · 17h
New Zealand cuts rates 50 bps, kiwi tumbles as markets bet on more aggressive easing
New Zealand's central bank slashed rates by 50 basis points on Wednesday and said policy is still restrictive even though inflation has returned to target, a clear dovish signal that sent the kiwi dollar skidding as markets bet on more easing.
FXStreet · 14h
New Zealand central bank is stepping up the pace – Commerzbank
As expected, the Reserve Bank of New Zealand (RBNZ) increased its pace of interest rate cuts this morning, this time lowering its benchmark interest rate by 50 basis points to 4.75 percent, following the surprise initial cut of 25 basis points in August, Commerzbank’s FX analyst Michael Pfister notes.
Central Banking · 13h
Reserve Bank of New Zealand cuts policy rate by 50bp
New Zealand’s central bank cut its policy rate by 50 basis points to 4.75% today (October 9), saying inflation had returned to within the target band. The Reserve Bank of New Zealand (RBNZ) said in a statement that annual consumer price index (CPI) inflation was now within the 1–3% range and was converging on the 2% midpoint.
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