Reserve Bank of New Zealand meet March 25
- ANZ NZ project a 50bp cut at the meeting
- then another cut, of 25bp, in May
- COVI-19 developments evolving rapidly, outbreak spreading quickly outside China
- global economic slow down is guaranteed, lower demand, supply disruptions
Early NZD trade, its nudging 0.6200 as I update having been as low as circa 0.6180