RBNZ delivers another chunky OCR cut, pencils further cuts
The central bank warned inflation in New Zealand was expected to be volatile in the near-term.
WATCH: RBNZ Governor Adrian Orr announces monetary policy statement.
The Reserve Bank has delivered another chunky cut to the official cash rate and expects to trim further as the year progresses.
This afternoon, the central bank cut the cash rate by 50 basis points to 3.75% – as widely expected by most economists, and the RBNZ in November last year. It followed
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