New Zealand Cuts Interest Rates to Record Low; Kiwi Soars

Updated on
  • Governor Wheeler signals at least one more rate reduction
  • Easing disappoints investors, sending Kiwi to one-year high

Kiwi Soars After New Zealand Cuts Rates to Record Low

New Zealand’s central bank cut interest rates to a fresh record low and flagged more easing to combat low inflation, disappointing some investors who were looking for a more aggressive signal. The local dollar surged.

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