NZ's Reserve Bank cuts cash rate by 0.5%

NEW ZEALAND - The Reserve Bank of New Zealand Wednesday 19 September cut its official cash rate by 50 basis points, to 5.25%, from 5.75%.

A rate announcement wasn't scheduled until Oct. 3.

"We are making this unscheduled interest rate cut primarily because of recent tragic events in the United States," Governor Don Brash said in a statement.

Click the link on the right to read the full statement from the Reserve Bank of New Zealand.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: