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(Bloomberg) -- New Zealandâs central bank cut interest rates, embarking on an easing cycle much sooner than previously indicated as the economy slumps and inflation slows. The local dollar plunged.
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>>> Read more: New Zealand Cuts Rates as Slumping Economy Slows Inflation
Most Read from Bloomberg
Biden Invests $100 Million to Fuel Housing Construction In DNC, Chicagoâs Embattled Transit System Faces a High-Profile Test Manchester Is Giving London a Run for Its Money Johannesburg Mayor Quits Amid Infighting, Financial Woes How Chicagoâs Gigantic Merchan...
>>> Read more: New Zealand Cuts Rates as Slumping Economy Slows Inflation
