RBNZ cut the New Zealand cash rate by 50bps, bigger than expected

Reserve Bank of New Zealand with a larger cut than expected

Expectations had centred on a 25 bp cut

The Bank cutting 50 basis points instead

And later, due at 0300GMT - Governor Orr's press conference

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For background:

• RBNZ cash rate decision and Monetary Policy Statement - where to for the NZD
• RBNZ decision day. Here's how the huge drop in the unemployment rate will impact.
• RBNZ monetary policy decision for July 2019 due this week - Shadow Board recommends on hold
• RBNZ to cut Wed - BAML
• RBNZ monetary policy meeting Wednesday - preview
• RBNZ to cut today and keep dovish tone - UBS
• More rate cuts from the RBNZ now expected (ANZ)
• BNZ now sees the RBNZ cutting rates