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RBNZ’s Orr: Price pressures in economy likely to be temporary

“Price pressures in the economy likely to be temporary,” the  Reserve Bank of New Zealand (RBNZ) Governor  Adrian Orr  said while speaking at the post-monetary policy decision  press conference on Wednesday.

Key quotes

Tentative signs of business investment on the rise.

Feel comfortable using projection of OCR as guidance.

OCR projection will only happen if the economy pans out as expected.

developing story ….

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