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RBNZ Wheeler: Potential to cut rates substantially if needed

FXStreet (Bali) - RBNZ Governor Wheeler says that there is potential to cut rates substantially if needed, plenty in the tank if things worsen, Bloomberg notes.

Additional headlines

China & el nino pose big risks to NZ economy

Commodity price drop a big influence on monpol at present

NZD/USD bears stamp on the bird post RBNZ cut and statements

NZD/USD had dropped an immediate 70 pips on the back of the RBNZ interest rate decisions and statement.
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AUD/NZD well bid on RBNZ, through 200 SMA

AUD/NZD is currently steady after the RBNZ cut rates as expected by 25bp's and left the Kiwi exposed to the downside.
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