New Zealand's central bank cuts its main interest rate by a larger-than-expected 1.5 percentage points, saying the global recession’s fallout on the domestic economy will be harsher than its earlier assessment.
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Wed, 01/28/2009 - 7:36pm
New Zealand's central bank cuts its main interest rate by a larger-than-expected 1.5 percentage points, saying the global recession’s fallout on the domestic economy will be harsher than its earlier assessment.