RBNZ expects unemployment to rise after 50bps rate cut
The central bank delivered as widely expected this afternoon – with more rate cuts likely early next year.
RBNZ Governor Adrian Orr announces changes to OCR.
The Reserve Bank has cut the official cash rate again by 50 basis points, while also indicating further rate cuts early next year.
Most economists expected the central bank to deliver a cut of that order after it trimmed the OCR by 50bps in October, and a 25bps cut in August. It was its final rate
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