RBNZ expected to keep OCR at 1% but leave door open to more easing

Sun, 22 Sep 2019

By Rebecca Howard Sept. 23 (BusinessDesk) - The Reserve Bank of New Zealand is widely expected to keep the official rate on hold at Wednesday's review while leaving the door open for further cuts by signalling a shaky global and domestic economic outlook. The central bank cut the official cash rate by 50 basis points to 1 percent in August. The size of the move surprised markets, which had been expecting a 25-basis point cut, because larger cuts are usually made only at times of crisis, such as the Christchurch earthquakes or the GFC. All...

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