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25 bps adjustment was appropriate - RBNZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Headlines from the Reserve Bank of New Zealand (RBNZ) are now crossing the wires, with the central bank justifying its latest rate cut decision. Earlier on the day, the RBNZ slashed its official cash rate (OCR) for the fourth time this year, reducing it a quarter percentage point to 2.5%.

    Key Quotes:

    Reserve bank of NZ says satisfied with current policy target agreement

    Reserve bank of NZ says a lot of factors creating momentum in economy, 25 bps adjustment was appropriate
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