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AAP
AAP
Ben McKay

New Zealand cuts cash rate by 50bp to 3.75 per cent

An interest rate cut of 50 basis points is welcome news for New Zealand mortgage holders. (Lukas Coch/AAP PHOTOS)

Interest rates continue to tumble in New Zealand at pace, with the Reserve Bank cutting a further 50 basis points to leave the official cash rate at 3.75 per cent.

The double-strength shift was well signposted by the central bank and analysts, with further easing on the way.

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