Entries Categorized as 'reserve bank of new zealand'

In the Financial Papers: Today’s Top Forex News 07.24.08

Date July 24, 2008

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
Read my Daily report on DailyFX.com
In the Financial Papers:

 
Podcast Covers:
Reserve Bank of New Zealand Cuts Interest Rates
German Business Confidence Hits 3 Year Low
UK Retail Sales Sees Biggest Drop in [...]

A Surprise Interest Rate Cut from New Zealand

Date July 23, 2008

No, the Federal Reserve did not cut interest, but one central bank did - the RBNZ, which is short for the Reserve Bank of New Zealand.
For the first time in 5 years, the Reserve Bank of New Zealand cut interest rates by 25bp to 8 percent and signaled that rates will be cut even further. [...]