(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
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