RBNZ reduces rates by 75bp in emergency meeting

The Reserve Bank of New Zealand sharply reduced rates in an emergency policy meeting today (March 16).

As the Federal Reserve slashed the federal funds rate by 100bp to the record low of 0–0.25%, the RBNZ’s monetary policy committee took the official cash rate in New Zealand below 1% for the first time in its history.

Rate-setters reduced rates by 75bp to 0.25%. Additionally, they agreed unanimously to maintain the rate at this level at least for 12 months.

“The negative economic implications

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!