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Real Estate Investar Blog

NZ Reserve Bank cuts interest rate

interest-ratesNew Zealand's Reserve Bank is handing homeowners an early Christmas present, lowering the official cash rate to a record low 2.5 per cent.

Governor Graeme Wheeler trimmed 25 basis points off the rate in a move widely anticipated by the market.

It is the fourth rate cut in 2015 and comes despite recent signs of an increase in economic activity.

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