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Watch: Reserve Bank Governor reaffirms decision to cut the rate

The New Zealand dollar rallied by more than half a US cent after the Reserve Bank cut its official cash rate by 25 basis points to 1.75 per cent, based on market expectations that the move would be the last in the current easing cycle.

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Burma celebrates birthday
New Zealand

Burma celebrates birthday

Burma the elephant receives an early birthday enrichment treat in the form of a very large ‘birthday cake’ - of the size, style, ingredients and taste befitting an elephant.