US Federal has cuts rates by half a percentage point to 3.0%. That's what the market was expecting and came after weaker than expected US economic growth figures. That means New Zealand official interest rates are now 5.25% above US rates, making our currency that more attractive.
...back at home the Bank of New Zealand has taken the lead and increased...
this is the same all over the world. The us is farked. The cut the rates assuming the inflation rates in the usa are at 2.6 or 2.7 % which is false. Ahh well go the propaganda machine
charlie4114 4 years ago