Forex
globalreutersOctober 9, 20241 Mins read
New Zealand central bank is stepping up the pace – Commerzbank
globalreutersOctober 9, 20241 Mins read As expected, the Reserve Bank of New Zealand (RBNZ) increased its pace of interest rate cuts this morning, this time lowering its benchmark interest rate by 50 basis points to 4.75 percent, following the surprise initial cut of 25 basis points in August, Commerzbank’s FX analyst Michael Pfister notes.
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