RBNZ to cut and 50bp is not out of the question

Posted on July 21st, 2016

  The RBNZ “Economic Update” released on its website today significantly expanded its views on the NZD exchange rate, suggesting that it will cut rates at its next policy meeting on 11 August in an attempt to offset or weaken the currency. It said today, “The trade-weighted exchange rate is 6 percent higher than assumed in […]