You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

8 Aug 2019 (TheAge) – ‘Shock and awe, Kiwi style’: RBNZ stuns markets with super-sized rate cut

(8 August 2019, The Age, Business, p29, By David Scutt)

‘The Reserve Bank of New Zealand (RBNZ) stunned financial markets on Wednesday, slashing official interest rates by 50 basis points to a record low of 1 per cent. Markets were expecting a smaller 25 basis point rate cut, ensuring the decision to deliver a super-sized easing sent the New Zealand dollar tumbling to 2.5-year lows against the US dollar.’

Read more at TheAge.com.au

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: