New Zealand dollar

August 06, 2019 - 10:50 pm
WELLINGTON, New Zealand (AP) — New Zealand's central bank has cut its benchmark interest rate to an all-time low of 1% as it forecasts tougher economic conditions ahead. The cut of half a percentage point by the Reserve Bank was a surprise with most economists forecasting a rate cut of 0.25%. The...
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New Zealand's Reserve Bank Governor Adrian Orr speaks to media on Wednesday, May 8, 2019 in Wellington, New Zealand. Citing lower global growth, the bank cut the nation's benchmark interest rate by a quarter point to an all-time low of 1.5 percent. (AP Photo Nick Perry)
May 08, 2019 - 3:29 am
WELLINGTON, New Zealand (AP) — Citing slowing global growth, New Zealand's Reserve Bank on Wednesday cut the nation's benchmark interest rate by a quarter point to an all-time low of 1.5%. The cut brings New Zealand's rate in line with Australia's rate of 1.5%. It was New Zealand's first cut since...
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