New Zealand central bank slashes rates by 50 basis points in second straight rate cut
The RBNZ slashed rates from 5.25% to 4.75% on Wednesday, marking its second straight cut to its interest rate since August.
The RBNZ slashed rates from 5.25% to 4.75% on Wednesday, marking its second straight cut to its interest rate since August.
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Traders are closely watching for additional policy measures as Beijing has signaled a sense of urgency in bringing its economy back on track.
Economists polled by Reuters expect the BOK and RBNZ to cut rates, while the RBI will hold.
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If this sounds like a Goldilocks scenario, it’s probably not far from it, even with the lingering inflation concerns.
Mainland markets is closed for a week-long holiday commemorating the 75th anniversary of the People’s Republic of China. Trading is set to resume on Oct. 8.Â