Facts trump economic uncertainty: RBNZ’s Karen Silk
Assistant governor says uncertainty creates greater issues around confidence and business investment.
WATCH: RBNZ Assistant Governor Karen Silk speaks with Jonathan Mitchell.
Internationally driven nervousness about the outlook is keeping the Reserve Bank on tenterhooks, but the central bank is in a more comfortable position to be direct about its upcoming interest rate decisions.
On Wednesday, the central bank cut the official cash rate by 50 basis points to 3.75%, as
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