Dollar plunges after unexpected OCR cut
Financial markets reacted swiftly to the surprise cut in the official cash rate. With special audio feature.
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Hawke’s Bay
See also: ANALYSIS: Why cut rates, why now?
UPDATED: RBNZ 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
Thu, 10 Mar 2016
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Dollar plunges after unexpected OCR cut
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