Yeoman the "Tough Luck" Trader =p
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New Zealand poised to cut rates below 1% in 'nail biter' decision
New Zealand’s central bank may cut interest rates to a fresh record low as it seeks to boost economic growth and revive inflation, although its final review of the year is proving hard to predict. Fifteen of 21 economists in a Bloomberg survey expect the Reserve Bank to cut the official cash rate by 25 basis points to 0.75 per cent on Wednesday, with six seeing no change. Investors were pricing a 60-per-cent chance of a cut late Monday, according to swaps data. The RBNZ must weigh recent signs of stabilization in both the domestic and global economies against its concern that growth is too weak to get inflation ... (full story)