RBNZ ‘prepared to ensure well-functioning financial system including access to credit, cash & liquidity in the banking system.’ BNZ’s Toplis says Fed cut ‘unjustified’, RBNZ could be ‘voice of reason in panic-driven world’

The Reserve Bank of New Zealand (RBNZ) appears to be hosing down speculation of an Official Cash Rate (OCR) cut coming before its next scheduled review on March 25.
This comes in a statement from the central bank on Wednesday, and is despite rate cuts from t… [+11795 chars]Source