The Reserve Bank of New Zealand showed that business carries on as usual with Trump as US President as today it met its previous pledge to cut interest rates from 2.00% to 1.75%. What’s more, yesterday’s financial market volatility didn’t stop it from sending a strong signal that interest rates have now found a floor, although we still think that low inflation may prompt another cut to 1.50%.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.