UPDATE: RBNZ keeps OCR at 1% but November cut may be off the cards

Wed, 25 Sep 2019

(Recasts lead and updates to add comment from economists, detail throughout) By Rebecca Howard Sept. 25 (BusinessDesk) - The Reserve Bank of New Zealand kept interest rates on hold at 1 percent as expected and the Kiwi dollar rose as a November rate cut - while possible - may not be a done deal. "By itself the statement suggests that a November cut isn’t a dead certainty, even though we think it is the highly likely outcome," said ASB chief economist Nick Tuffley. "The press release suggested that the RBNZ does not currently see a n...

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