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NEW ZEALAND: Economists are unanimous in predicting..

By   || March 9, 2010 at 03:10 GMT
|| 1 comment || Add comment

NEW ZEALAND: Economists are unanimous in predicting that the Reserve
Bank of New Zealand will leave its official cash rate (OCR) unchanged at
2.5% after its monetary policy meeting on Thursday (announcement at 9am
NZT, 20:00 GMT Wednesday). The market focus is on the accompanying
economic forecasts and whether RBNZ Governor Alan Bollard announces any
change to the central bank’s present stance that there will be no
changes to the OCR until around the middle of the year. Most economists
expect the RBNZ to stick to its current rate outlook — even the few who
believe the bank should hike rates earlier.

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One Response to “NEW ZEALAND: Economists are unanimous in predicting..”

  1. NZD market nervous ahead of RBNZ on Thursday | ForexLive on March 9th, 2010 04:03 GMT

    [...] By Sean Lee  || March 9, 2010 at 04:03 GMT || 0 comments || Add comment Despite the unanimous expectation that the RBNZ will leave New Zealand rates unchanged on Thursday morning, the NZD market remains a bit nervous. [...]

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