RBNZ Governor Orr says that there would have to be an economic shock to cut by 50bp again.
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.Hence then, the article about rbnz governor orr rules out further 50bp rate cuts unless there is an economic shock was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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