Global Easing Gathers Pace as New Zealand Shocks With Bigger Cut
Adrian Orr, governor of the Reserve Bank of New Zealand, listens during an interview in Wellington, New Zealand. (Photographer: Birgit Krippner/Bloomberg)  

Global Easing Gathers Pace as New Zealand Shocks With Bigger Cut

(Bloomberg) -- The dovish turn sweeping the global economy gathered pace Wednesday as New Zealand shocked markets with a half-percentage point interest-rate cut, sending its currency tumbling.
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