RBNZ cuts by 25bps to 3.5%, warns of uncertain global growth
The central bank was widely expected to cut the official cash rate this week, with inflation in the band, and economy still in recovery.
The Reserve Bank has cut the official cash rate, as widely expected, and has warned that trade barriers weaken the outlook for the global economy.
The Monetary Policy Committee today agreed to cut the rate by 25 basis points to 3.5%. Annual inflation was still near the midpoint of the 1-3% target
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