NZ rate cut expected as coronavirus fears increase

Mon, 16 Mar 2020

All eyes will be on the central bank, which is widely expected to announce an emergency rate cut, as concern about coronavirus continue to ratchet higher. The New Zealand dollar was at 59.65 US cents at 7:45 am in Wellington versus 60.57 cents late Friday in New York. “The Reserve Bank of New Zealand, Te Pūtea Matua, will be making an announcement at 8amtoday via Bloomberg and Refinitiv pages, the Reserve Bank website, our Twitter channel, and an email to subscribers,” it said. New Zealand’s cash rate is currently at 1.0 percent and wh...

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