RBNZ: Wheeler cuts OCR, signals more on way
The long-awaited slump in inflation expectations, plus lower global growth, open door to at least one more rate cut.
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Hawke’s Bay
See also: ANALYSIS: Why cut rates, why now?
UPDATED: Dollar plunges after unexpected OCR cut and One of the smallest banks, Co-operative, first to react to OCR cut
The Reserve Bank has cut the official cash rate to 2.25% and indicated at least one further cut is on the way.
Economists and
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Rob Hosking
Thu, 10 Mar 2016
Thu, 10 Mar 2016
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RBNZ: Wheeler cuts OCR, signals more on way
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