TMM - News
No dovish nod to future for RBNZ

Thursday 10th of August 2017
Not only did the Reserve Bank keep the OCR on hold at its record low of 1.75% but it did not change its forecasts for the OCR track, signalling a flat OCR until late 2019.
Given a recent slew of weaker than expected economic data, the Reserve Bank’s determinedly unchanged tone came as a shock to most economists.
Westpac chief economist Dominick Stephens was surprised the response...
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