NZ central bank to cut rates,signals more easing

WELLINGTON: New Zealand’s central bank is almost certain to cut interest rates tomorrow to fend off growing economic headwinds from a collapse in dairy prices and low inflation, and many analysts expect policy makers to signal more easings in coming months.

After galloping at an enviable 3%-plus growth rate until the end of last year, New Zealand’s economy has started to feel the pinch of a slowdown in China which is buying less of its major dairy products.