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Reserve Bank of New Zealand cuts rate by 25bp, as widely expected

Reserve Bank of New Zealand

  • Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 3.75%.
  • If economic conditions continue to evolve as projected, the Committee has scope to lower the OCR further through 2025

This article was written by Eamonn Sheridan at www.forexlive.com.

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