Reserve Bank of New Zealand cuts its interest rate to 3.25% from 3.50%

Noticias del mercado

11 junio 2015

Reserve Bank of New Zealand cuts its interest rate to 3.25% from 3.50%

The Reserve Bank of New Zealand (RBNZ) released its interest rate decision on Wednesday. The central bank cut its interest rate to 3.25% from 3.50%. It was the first cut since 2011.

The RBNZ Governor Graeme Wheeler said that the interest rate cut was "appropriate given low inflationary pressures and the expected weakening in demand, and to ensure that medium term inflation converges towards the middle of the target range".

He pointed out that the further interest rate cut is possible, but it will depend on the incoming economic data.

European stock markets mid session: stocks traded higher on hopes for a deal between Greece and its creditors

French consumer price inflation rises 0.2% in May

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