Comment 2 Reserve Bank Governor Philip Lowe said it is unclear when the global economy will return to improvement. Getty Images The Reserve Bank of Australia has lowered the official cash rate to 0.5%, an unexpected move before the coronavirus entered global trade and confidence.
25 basis points could put pressure on the Reserve Bank of New Zealand to reduce its OCR by 1% before or before the next planned review on March 25. Westpac said in a comment before the Australian interest rate cut that market pricing suggests that there is a 70% chance that New Zealand will have a 50 basis point cut this month.
Advertising with things Jarrod Kerr, chief economist at Kiwi Bank, also predicted yesterday that if the Reserve Bank of Australia lowers interest rates, "then the Reserve Bank of New Zealand is likely to follow closely in March".
Reserve Bank of Australia Governor Philip Lowe said he had decided to support the Australian economy as it responded to a global coronavirus outbreak. In hopes of a rate cut, the stock market rebounded on Tuesday. "The coronavirus has enveloped the near-term outlook for the global economy, which means that global growth in the first half of 2020 will be lower than previously expected," he said.
"Before the outbreak, there were signs that the global economic slowdown that began in 2018 was over. It is too early to say how long the effects of the coronavirus will last and when the global economy will recover. A path to improvement. He says. ASB said on Tuesday that despite the virus's rebound in the US stock market overnight, the virus continues to cause "massacres" in global financial markets, as estimates of the extent and breadth of the potential economic impact of the virus have been raised.
经合组织现在已将 其对 2020年全球经济的增长预期从2.9％下调至2.4％。ASB表示，利率在很大程度上是“自由下跌”，预计全球大多数主要央行都会降息。预计周三在全球乳制品贸易拍卖会上，全脂奶粉价格将下跌3％。西太平洋银行将股票市场的小幅复苏归因于一些信号，表明主要央行可能会降低利率，以应对其所称的冠状病毒大流行。