In a move which was widely anticipated New Zealand’s central bank has announced a 25bps reduction to 1.75% three months after a 25 bps reduction in August. Westpac’s Imre Speizer said the statement accompanying the decision indicated a shift from an easing bias to a neutral one. He also noted the market’s response “was moderately hawkish.” Governor Graeme Wheeler cited price falls in the tradables sector which have flowed from a...