Missed opportunity or wise decision? RBNZ could have cut by 50bps
A four-two vote in favour of a cut by 25bps won the day, as some RBNZ Monetary Policy Committee members pushed for more.
WATCH: Forsyth Barr investment strategist Zoe Wallis speaks with Jonathan Mitchell.
Conflicting views about the state of the economy led to some Monetary Policy Committee members suggesting a chunky cut in the official cash rate this week.
In the end, the central bank yesterday voted four-two to cut by 25 basis points to 3%, which some economists have described as a missed
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