RB New Zealand drop cash loan rate quarter of a point to 8% even. Kiwi drops like a stone. NZDUSD hits 6 month lows and AUSNZD hits all time highs. RBNZ hints at further rate cuts to come even tho they expect inflation rate to grow to 5% in Sept from 4% this past June. Apparently they are looking for ways to expand heir mandate of not just controlling prices but now trying to stimulate a weakening economy.