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The RBNZ is seen keeping the policy rate at 0.25% at its meeting later this week, noted Economist at UOB Group Lee Sue Ann.

Key Quotes

“For now, we think that negative interest rates are a risk but an increasingly low one.”

Our call remains for the OCR to be unchanged at 0.25%.”

“More likely, further quantitative easing will be implemented. We see the RBNZ boosting the Funding for Lending program and its asset purchases.”

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