28 Jun 2016

Rate cut in August seen as almost a certainty

From Business News, 6:53 am on 28 June 2016

A rate cut by the Reserve Bank in August is becoming almost a certainty in the wake of the British vote to exit the European Union. The market volatility that has arisen and the overall rise in the New Zealand dollar has tipped the scales towards a cut in the official cash rate to 2%.