Showing posts with label New Zealand economy. Show all posts
Showing posts with label New Zealand economy. Show all posts

Friday, June 12, 2015

New Zealand cuts interest rate quarter point to 3.25 percent

WELLINGTON, New Zealand (AP) — New Zealand's central bank on Thursday cut its benchmark interest rate by a quarter point to 3.25 percent and signaled more cuts could be on the way as farmers grapple with a slump in prices for the country's key milk exports.