Reserve Bank Cuts OCR Amid Dairy Crisis

Posted 10:59am Sunday 20th March 2016 by Hugh Baird

The Reserve Bank has cut the Official Cash Rate to 2.25 percent, the lowest it has ever been with predictions it could drop a further 25 basis points to 2 percent later this year.  Reserve Bank Governor, Mr Graeme Wheeler justified his decision for cutting rates by explaining that threats Read more...

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