RBNZ Set to Join Aggressive Rate Cutters With Second Big Move [Yahoo! Finance]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Yahoo! Finance
Most Read from Bloomberg New York City's ‘Living Breakwaters' Brace for Stormier Seas In Kansas City, a First-Ever Stadium Designed for Women's Sports Takes the Field NYC's Underground Steam System May Be Key to a Greener Future NYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge The Reserve Bank will reduce the Official Cash Rate by 50 basis points to 4.25% on Wednesday in Wellington, according to 22 of 23 economists surveyed by Bloomberg. One analyst expects a 75-point reduction. The economy has stalled and inflation is slowing more rapidly than policymakers predicted, driving them to return the benchmark rate to a more neutral level that no longer constrains growth. Investors are betting the RBNZ will cut the cash rate to 3.25% by the second half of next year, but the pace of easing remains uncertain amid lingering concerns about global inflation following Donald Trump's US election victory. “This is a challenging time for the central bank,” said Stephen T
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