Home Breaking: RBNZ cuts rates by 25 bps to 1.25%, NZD slumps

Breaking: RBNZ cuts rates by 25 bps to 1.25%, NZD slumps

Published date: 7 Aug. 2019 | 04:02

At its August monetary policy meeting on Wednesday, New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), slashed its Official Cash Rate (OCR) by 25bps to a historic low of 1.25%, as widely expected.

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