Forex
globalreutersAugust 16, 20241 Mins read
RBNZ’s Silk says the Bank is taking a measured approach to rate cuts
globalreutersAugust 16, 20241 Mins read RBNZ Assistant Governor Silk speaking in an interview:
- Bank is taking a measured approach to rate cuts
- its uncertain how quickly inflation will fall
- the behaviour of price inflation is crucial for the cash rate path ahead
NZD/USD little changed around 0.5984
The Reserve Bank of New Zealand cut its cash rate by 25bp on Wednesday
This article was written by Eamonn Sheridan at www.forexlive.com.
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