The NZX 50 has opened down after the three major US stock indexes plunged over 5 percent.
Economists pick the Official Cash Rate (OCR) will fall to negative 0.5 percent before the end of 2020.
"The reasons for so would be deemed somewhat irrational."
Banks will have another channel to fund corporate clients.
'Swap rates, funding rates and mortgage rates are all lower today'.
New tools will help stabilise local market function.
The S&P NZX 50 has opened down 4.3 percent
The New Zealand sharemarket has opened sharply lower after the Reserve Bank slashed its official cash rate.
'The market goes up and down like an escalator: we're in that elevator fall'.
NZ share prices plummet after US major indexes fall almost 10 percent overnight.
New Zealand's exchange drops 5 percent.
Fall comes as WHO declares virus a pandemic.
A significant drop in NZ share prices reflects global bloodbath.
World shares have fallen five days in a row - and it's hitting our KiwiSaver investments.
New Zealand's market hasn't been left unscathed.
Data shows the most highly valued skills in the country.
It's inverted right before every recession in the past 50 years.
Weak market environment may require re-set of investment expectations.
The Australian expert replaces Gabriel Makhlouf.
Just 8 percent thought they were getting a fair deal.