Jul 23, 2015

RBNZ Cut Official Cash Rate To 3.00% - Action Forex

RBNZ Cut Official Cash Rate To 3.00% Reserve Bank of New Zealand cut interest rates for the second time in six weeks and hinted further easing will likely be needed to underpin inflation as growth slows. Central bank Governor Graeme Wheeler is trying to stoke inflation from near zero to 2% goal as plunging dairy prices curtail export returns and farmer spending. Thus, economists now expect the...

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