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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.

Real Estate Investar Editor
Real Estate Investar Editor
Real Estate Investar provides intelligent software, tools and data to help you save time and make money in the residential property investment market.

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