The Reserve Bank's Wheeler said while he intends to lower interest rates further to revive inflation, a series of rapid cuts is not justified.
ANZ Bank has announced a number of rate changes in response to the Reserve Bank's announcement this morning.
The Reserve Bank has today announced its official cash rate call.
New Zealand central banker Graeme Wheeler is going to need more than a plain-vanilla rate cut if he wants a weaker local currency.
Weaker inflation than expected may give the Reserve Bank scope to drop interest rates again.
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