BLOOMBERG Bloomberg Markets Asia July 13, 2024
60 billion kiwi dollars. It is projecting a contraction of its gdp in the Second Quarter to 21. 8 . New zealand maintaining its benchmark Interest Rate at 0. 25 , all pretty much as expected. The rbnz has been at the forefront of supporting the 0. 5 already. Ates under a lot of pressure for this fiscal stimulus, as weve been saying, to double to 60 billion kiwi dollars. Facing a lot of scrutiny on whether to take rates to negative. We will see if it does that later on. For now, keeping rates steady. Kathleen bring in hays. It does seem like rbnz did exactly what the markets expected. Absolutel...