Further New Zealand rate cuts still a possibility
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
AMID the recent falling prices in dairy products - New Zealand's main export - and a weakening economic outlook on its home front, the Royal Bank of New Zealand (RBNZ) decided to carry out its third cut to their official cash rates (OCR) within a four month period starting from June 2015.
With this series of cuts, the RBNZ has pared rates down from 3.25 per cent to 2.75 per cent, bringing the New Zealand dollar (NZD) to its lowest against the Singapore dollar (SGD) in these past six years.
The question in the minds of most people now is: is this the bottom or is there a chance of further weakening of the NZD against the SGD?
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
