New Zealand dollar skids to six-month low as central bank slashes rates

By Wayne Cole SYDNEY, Oct 8 (Reuters) – The New Zealand dollar slid to a six-month low on Wednesday after the country's central bank cut its cash rate by an aggressive 50 basis points and left the door open to easing yet more as the economy struggles. The Reserve Bank of New Zealand slashed rates to 2.5%, the lowest level in more than three years, sending bond yields tumbling to their lowest since September last year. The kiwi dollar quickly sank 0.9% to $0.5747, depths not seen since the tariff-induced market mayhem of April. It had already fallen 0.8% in the previous session after failing to clear resistance at $0.5844, and there is not much in the way of chart support until $0.5700. The RBNZ committee did consider whether to ease by just 25 basis points but decided a larger move would l