RBNZ cut in March predicted due to coronavirus
The odds of a cut to the Official Cash Rate are rising on both sides of the Tasman.
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ANZ economists are now expecting the Reserve Bank to cut the official cash rate (OCR) in March by 50 basis points, and by a further 25 basis points in May due to the rapid spread of Covid-19 coronavirus.
That would take the OCR to just 0.25%.
The ANZ said the Covid-19 situation is evolving
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