Reserve Bank of New Zealand with a larger cut than expected
Expectations had centred on a 25 bp cut
The Bank cutting 50 basis points instead
And later, due at 0300GMT - Governor Orr's press conference
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For background:
- RBNZ cash rate decision and Monetary Policy Statement - where to for the NZD
- RBNZ decision day. Here's how the huge drop in the unemployment rate will impact.
- RBNZ monetary policy decision for July 2019 due this week - Shadow Board recommends on hold
- RBNZ to cut Wed - BAML
- RBNZ monetary policy meeting Wednesday - preview
- RBNZ to cut today and keep dovish tone - UBS
- More rate cuts from the RBNZ now expected (ANZ)
- BNZ now sees the RBNZ cutting rates
