Another bank says to expect further rate cut from the RBNZ, in November

ANZ on the Reserve Bank of New Zealand :

• moved faster than we expected
• surprising everyone
• ANZ continue to expect a further 25bp cut in November

What a day ...

• RBNZ Governor Orr says might have to do negative interest rates

• RBNZ Governor Orr says today's interest rate cut does not rule out further action

---If you are just tuning in, background:

• RBNZ cut the New Zealand cash rate by 50bps, bigger than expected
• RBNZ cuts the cash rate by a whopping half a percent - NZD down a big figure
• Another bank calling more RBNZ rate cuts ahead (November)

More:

• Another RBNZ rate cut ahead - further cut in November on the way
• AUD dropping with the NZD
• NZD under 0.6450, big drop on the surprise from the RBNZ