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New Zealand’s central bank slashed its policy rate by 50 basis points to 4.75%, while the Reserve Bank of India is expected to hold rates at 6.5%.

Philadelphia news 24/7: Watch NBC10 free wherever you areInvestors are focused on policy decisions from the Reserve Bank of New Zealand and the Reserve Bank of India.

The Reserve Bank of New Zealand cut its benchmark interest rate by 50 basis points following a monetary policy meeting on Wednesday. "My confidence in the disinflation trajectory has increased – but so have the risks of the economy slowing beyond what is needed to restore price stability," Collins said in a speech to bankers in Boston."Further adjustments of policy will likely be needed."

 

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