From Sean Callow at Westpac in Sydney on the Reserve Bank of New Zealand:
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Today’s rate cut by the RBNZ took the cash rate from 2.75% to 2.5%. So Callow is saying the RBNZ will cut again twice (2*25bp) in 2016 (Actually, that 2*25 is my assumption, maybe he is thinking 1*50 …. I don’t think so but just mentioning it).