New Zealand's central bank cuts rates

New Zealand's central bank said international factors, including US political uncertainty, were the major risks to the country's economy after it lowered interest rates to a record low of 1.75 percent on Thursday. The Reserve Bank of New Zealand (RBNZ) indicated that future rate cuts were unlikely after its third cut this year as it forecast inflation heading back into its target range, but did not rule them out entirely.
"There's uncertainty about Brexit. There's lots of issues around debt accumulation in China, particularly around corporate debt," RBNZ Governor Graeme Wheeler told reporters.