New Zealand Holds Rate At Record Low; Hints At Easing To Support Growth

The New Zealand central bank left its key interest rate unchanged at a record low but hinted a rate cut over time to underpin subdued economic growth. The Monetary Policy Committee of Reserve Bank of New Zealand, on Wednesday, maintained the official cash rate at 1.50 percent. The decision came in line with expectations. The bank had last lowered the rate in May, by a quarter point.Original Article