225173 Resource 133535 120646 120646 1233264161707 1233264218003 Controlled New Zealand Cuts Rates

Record low rate for the Reserve Bank of New Zealand

<br /><font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The <a title="New Zealand, bank New Zealand, interest rate cut, New Zealand dollar, spread bets interest rates, spread betting New Zealand rate, economy" target="_blank" href="http://forex.gftforex.com/public/item/225172">Reserve Bank of New Zealand cut its interest rate</a> today in an effort to stimulate its flagging economy. The <span style="font-weight: bold;">new rate</span>, 3.5%, represents a record low for the bank, and a cut of 150 basis points.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">New Zealand's economy, which relies heavily on commodity exports, has been hit hard by the slowdown in the <span style="font-weight: bold;">global economy</span>. The hope is that a dramatic interest rate cut will help boost the economy -- and the New Zealand dollar.</span></font><br /><br /> 9 application/xml false bank New Zealand economy interest rate cut New Zealand New Zealand dollar spread bets interest rates spread betting New Zealand rate Spread bets on interest rates http://www.gftuk.com/land/index.asp?aid=53 <script type="text/javascript" src="http://tools.tipd.com/evbs.js"></script> <script type="text/javascript"> evb_url ='http://blog.gftuk.com/public/item/225173'; evb_big(evb_url); </script> <!--SocioFluid--><script type="text/javascript" src="http://www.sociofluid.com/sf.php?widget=124320-000103040b0d0e1011"></script><noscript><a href="http://www.sociofluid.com/">SocioFluid</a></noscript><!--SocioFluid--> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.5) Gecko/2008120121 Firefox/3.0.5 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 133535 blog blogsite/GFTUK/web