Investments

The RBNZ easing cycle begins

Thursday 9th of July 2015

• The RBNZ surprised markets with a 25 basis point cut in the Official Cash Rate, on a more pessimistic view of export prices, and a more determined strategy to lower the NZ dollar.
• The NZ 2 year swap rate fell around 25 basis points to 3.10%, consistent with the market pricing an additional 50 basis points of cuts over the next 6 months.
• The NZ government 10 year bond yield fin...

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