Monday 16th March 2020
The RBNZ has slashed rates this morning to a quarter percent, promising to keep them at that level for a year. It’s the latest emergency move by central banks, with an expectation that the Fed cut rates a full one percent later this week. Phil Dobbie talks to NAB’s Rodrigo Catril about moves by central banks and governments – is enough going on to calm markets about the enormous volatility we saw at the end of last week? They also discuss moves on oil prices and the G7 meeting later today, which could see further announcements on a more globalised approach to tackling the virus impacts.