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KM Financial Solutions | New Zealand’s central bank stuns markets with 50-bp rate cut
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New Zealand’s central bank stuns markets with 50-bp rate cut

06 Aug New Zealand’s central bank stuns markets with 50-bp rate cut

Posted at 02:09h in News by
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The Reserve Bank of New
Zealand (RBNZ) stunned markets on Wednesday by cutting the
official cash rate (OCR) by a bigger-than-expected 50 basis
points to 1.00%, as it looks to prop-up a cooling economy in the
face of intensifying global pressure.

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