Quote Originally Posted by bull.... View Post
Business confidence slumps on construction sector woes


https://www.nzherald.co.nz/business/...ectid=12254447


fits our view of rapid down turn in the economy in the second half yr esp business intentions measure. RBNZ wont like that update i imagine and with the market expecting 90% chance of a rate cut should they not move now i imagine the reaction will be savage.

good summary here

https://www.interest.co.nz/business/...tor-2009-while
was right about the rbnz will have been concerned about the rapid slowdown coming hence the cut to 1% , better to front run it. the cny happenings will have made them go 50 as well i imagine