ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

New Zealand's central bank cuts interest rate to 0.25%

Official rate down by 75 basis points before scheduled meeting

Main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand.   © Reuters
| New Zealand

WELLINGTON (Reuters) -- The Reserve Bank of New Zealand (RBNZ) slashed its official cash rate (OCR) by 75 basis points on Monday, in response to growing concerns over the coronavirus outbreak.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more