25 bps adjustment was appropriate – RBNZ

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

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%.

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