RBNZ Governor Orr rules out further 50bp rate cuts (unless there is an economic shock) ...Middle East

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Not a surprise. Yesterday's guidance from the Bank indicated 25bp rate cuts ahead.

More on the Bank's decision can be found here:

ForexLive Asia-Pacific FX news wrap: RBNZ’s 3rd consecutive 50bp rate cut, NZD higher This article was written by Eamonn Sheridan at www.forexlive.com.

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