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09-11-2008
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Senior Member
Join Date: Dec 2006
Posts: 32,949
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Currency: Dollar sinks after Bollard's surprise
The New Zealand dollar fell sharply when the Reserve Bank cut its official cash rate by 50 basis points to 7.5 per cent.A move of just 25 basis points had been expected. Economists said they were gobsmacked by the cut and their...
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