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Full text of the RBNZ decision March 10, 2016

Discussion in 'Fundamental Analysis' started by ForexLive, Mar 9, 2016.

  1. ForexLive

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    Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.25 percent. The outlook for global growth has deteriorated since the December , due to weaker growth in China and other emerging markets, and slower growth in Europe. This is despite extraordinary monetary accommodation, and further declines in interest rates in several countries. Financial market volatility has increased, reflected in higher credit spreads. Commodity prices remain low.

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