New Zealand cuts interest rate to 2.5 percent
WELLINGTON, New Zealand (AP) — New Zealand’s central bank cut interest rates Thursday for the fourth time in six months but says it’s not planning further cuts.
The announcement prompted a jump in the nation’s currency.
The Reserve Bank cut its benchmark rate by a quarter percentage point to 2.5 percent.
Gov. Graeme Wheeler said economic growth had slowed this year while unemployment had risen.
http://www.salon.com/2015/12/10/new_zealand_cuts_interest_rate_to_2_5_percent/
Cher
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