Morning solid rock, collect 1000 points of big cake in the interval, second cake 25 points in the interval! Earn 10000 easily! $BTC $ETH
Agency: Global turmoil has increased the likelihood of a larger rate cut by the Reserve Bank of New Zealand tomorrow.
On April 8, the Reserve Bank of New Zealand is expected to lower its official cash rate by 25 basis points to 3.50% on Wednesday, but growing concerns about the global trade war may prompt the central bank to cut rates further by 50 basis points. A Reuters survey conducted between March 31 and April 3 revealed that all 31 analysts expected the Reserve Bank of New Zealand to cut rates by 25 basis points before the recent market sell-off. Since last August, the bank has cut rates by 175 basis points to revive the sluggish economy and curb rising unemployment. Although the policy meeting in February hinted that it would gradually exit restrictive policies, the market currently expects the central bank to further cut rates by up to 100 basis points by 2025. The current market turmoil may accelerate this process.
