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RBNZ leaves its cash rate target unchanged at 5.50%, as expected

Reserve Bank of New Zealand Demand growth in the economy continues to ease.Committee agreed that the OCR needs to stay at a restrictive levelInterest rates are constraining economic activity and reducing inflationary pressure as requiredWhile GDP growth in the June quarter was stronger than anticipated, the growth outlook remains subdued.With monetary conditions remaining restrictive, spending growth is expected to decline furtherNear-term risk that activity and inflation do not slow as much... Read More

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Rbnz

Leaves

Cash

Rate

Target

Unchanged

50 Expected

5 50

Forex

Posted: Oct 4 2023, 01:00

Author Name: forexlive

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