NZ cuts cash rate for fourth time in 2015

10 December 2015

 

Back in October, RBNZ governor Graeme Wheeler said some reduction in NZ’s official cash rate (OCR) was “likely” but as with any central banker he said such a move would “depend on the emerging flow of economic data”. The data has turned out to be supportive of such a reduction because the RBNZ moved to reduce the OCR by 0.25% to 2.50%. It said CPI inflation is below its 1.00%-3.00%...

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