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RBNZ Cuts Rates In Surprise Move

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Mar 10, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Reserve Bank of New Zealand took the market by surprise and cut its official cash rate by 25bps to 2.25%. Governor Wheeler argued that the deteriorating outlook for global growth, and more specifically the uncertainty surrounding China’s economic prospect, justifies this surprise easing move from the central bank. Obviously,[​IMG]

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