Reserve Bank cuts Official Cash Rate to 3 percent

The Reserve Bank has cut the Official Cash Rate to 3 per cent.

The New Zealand dollar fell along with other commodity currencies ahead of the expected interest rate cut.

Since September the central bank's tightening bias has been on hold, and last month it cut rates, while signalling further cuts could come.

The Reserve Bank has cut the Official Cash Rate to 3 per cent.

The New Zealand dollar fell along with other commodity currencies ahead of the expected interest rate cut.

Since September the central bank’s tightening bias has been on hold, and last month it cut rates, while signalling further cuts could come.

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