This is a news story, published by MSN, that relates primarily to the Reserve Bank of New Zealand news.
For more interest rates news, you can click here:
more interest rates newsFor more news from MSN, you can click here:
more news from MSNOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about
recession. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest aggressive rate cuts news, deep downturn news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
quarter declineReuters
•Business
Business & Economics
77% Informative
The shock news sent the local dollar to a fresh two-year low of $ 0.5617 .
Markets added to wagers the Reserve Bank of New Zealand would slice rates further.
The June quarter was revised to show a fall of 1.1% , and two straight quarters of decline is the technical definition of recession.
This was the largest two-quarter decline since the painfully deep downturn of 1991 .
VR Score
90
Informative language
99
Neutral language
27
Article tone
formal
Language
English
Language complexity
40
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links
