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New Zealand Finance Minister: RBNZ has room to move on rates

New Zealand Finance Minister has crossed the wires and said that the  Reserve Bank of New Zealand has room to move on rates.

  • Banks should pass on any RBNZ rate cuts.
  • Economy may not grow much in first half.
  • Unconventional monpol unlikely in near term.
  • Broadly ok with current level of the Kiwi dollar.

More to come…

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