The Reserve Bank of New Zealand is widely expected to keep the official rate on hold at Wednesday's review while leaving the door open for further cuts by signalling a shaky global and domestic economic outlook. The central bank cut the official cash rate by 50 basis points to 1 percent in August. The size of the move surprised markets, which had been expecting a 25-basis point cut, because larger cuts are usually made only at times of crisis, such as the Christchurch earthquakes or the GFC. All 16 economists polled by Bloomberg expect the rate to remain on hold this week. Market pricing points to around a 25 percent ... (full story)