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RBNZ Cuts Rate Deeply by 50 bps, Exceeding Estimates
The Reserve Bank of New Zealand (RBNZ) announced an interest rate cut of 50 bps, making the benchmark interest rate down to an all-time low of 1%. The reduction was deeper than the...
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RBNZ Cuts Rate Deeply by 50 bps, Exceeding Estimates
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2019/08/07 11:00
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The Reserve Bank of New Zealand (RBNZ) announced an interest rate cut of 50 bps, making the benchmark interest rate down to an all-time low of 1%.

The reduction was deeper than the street consensus of 25 bps, representing another rate cut since early May when a 25-bp cut was made to bolster economy.
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