RBNZ to cut rates and signal more to come

Mon, 05 Aug 2019

By Rebecca Howard Aug. 5 (BusinessDesk) - The Reserve Bank of New Zealand is expected to cut rates on Wednesday and leave the door open for more easing as heightened global uncertainty is coupled with a subdued domestic outlook. Of 17 economists polled by Bloomberg, 16 expect the central bank to cut rates by 25 basis points to 1.25 percent. Only one – Citi – sees the bank remaining on hold. “The market would be gobsmacked if the RBNZ didn’t deliver the 25-basis point cut that is now almost fully priced in. The real interest lies in th...

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