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New Zealand’s central bank has slashed its benchmark interest rate by 50 basis points after its monetary policy meeting, marking a second straight cut to its benchmark interest rate.
The cut brings the Reserve Bank of New Zealand’s interest rate to 4.75% from 5.25%. The move was expected among economists polled by Reuters.
this territory is moderated
Hehe, that is like regulating the scraps of paper inmates might get to "buy" stuff in the jail store...
Never planned to, but will for sure never enter that jail willingly in the future!
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