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Economy

NJCher

(35,692 posts) Thu Dec 10, 2015, 12:02 AM Dec 2015

2

New Zealand cuts interest rate to 2.5 percent

WELLINGTON, New Zealand (AP) — New Zealand’s central bank cut interest rates Thursday for the fourth time in six months but says it’s not planning further cuts.

The announcement prompted a jump in the nation’s currency.

The Reserve Bank cut its benchmark rate by a quarter percentage point to 2.5 percent.

Gov. Graeme Wheeler said economic growth had slowed this year while unemployment had risen.

http://www.salon.com/2015/12/10/new_zealand_cuts_interest_rate_to_2_5_percent/

Cher

1 replies

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Highlight:

New Zealand cuts interest rate to 2.5 percent (Original Post) NJCher Dec 2015 OP

"Everything is fine with the world's economy, nothing to see here" DJ13 Dec 2015 #1

DJ13

(23,671 posts)

1. "Everything is fine with the world's economy, nothing to see here"

Reply to NJCher (Original post)

Thu Dec 10, 2015, 12:11 AM

Dec 2015

- Your friends at Goldman Sachs

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