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60 billion kiwi dollars. It is projecting a contraction of its gdp in the Second Quarter to 21. 8 . New zealand maintaining its benchmark Interest Rate at 0. 25 , all pretty much as expected. The rbnz has been at the forefront of supporting the 0. 5 already. Ates under a lot of pressure for this fiscal stimulus, as weve been saying, to double to 60 billion kiwi dollars. Facing a lot of scrutiny on whether to take rates to negative. We will see if it does that later on. For now, keeping rates steady. Kathleen bring in hays. It does seem like rbnz did exactly what the markets expected. Absolutely. There was no changing sentiment in the key rate. 75 basis points move in midmarch, that emergency front, the rbnz saying they are prepared to cut the cash rate further, taking it lower, then that door gets opened even wider. They are saying that the balance of economic risk remains to ....
Tenyear. It is unchanged, 1. 83 . A point of reference more than anything else. Of positivity with regards to whats happening for sterling. Withabour party coming out drives of its manifesto, some are saying making it relatively unelectable. That would make perhaps a move on brexit, or Boris Johnsons deal on brexit. Stablepretty much against the dollar. That as we get growth details a little bit later. Lets get from whats happening here in new york. We have first word news with su keenan. ,eporter we start in the u. K. Prime minister Boris Johnson aims to win the support of u. K. Business leader today, offering. Ax cuts as an olive branch the december 12 the vote could determine how or even if the u. K. Ultimately leaves the european union. Saudi arabia has agreed to lower its valuation of the energy thet aramco to pare back size of the initial ipo to make sure of its successf ....
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