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Dollar plunges after unexpected OCR cut

Financial markets reacted swiftly to the surprise cut in the official cash rate. With special audio feature.

Jenny Ruth
Thu, 10 Mar 2016

See also: ANALYSIS: Why cut rates, why now?

UPDATEDRBNZ cuts OCR as cheap oil saps inflation expectations and One of the smallest banks, Co-operative, first to react to OCR cut

The New Zealand dollar plunged more than a US cent and wholesale interest rates fell between 10 and 16 basis points

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Jenny Ruth
Thu, 10 Mar 2016
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Dollar plunges after unexpected OCR cut
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