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OCR to stay put - NZIER

Wednesday 27th of May 2015
An interest rate cut would throw more fuel on to the fire of the Auckland housing market - which has left the RBNZ in a bind, the NZIER said in its June Quarterly Predictions report.
The New Zealand economy has stayed solid and is experiencing a broadening recovery, amidst global wobbles, states the NZIER.
But it sees storm clouds ahead.
These include the dairy...
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