The Reserve Bank of New Zealand (RBNZ) has not changed its guidance on keeping the Official Cash Rate (OCR) at 0.25% through March 2021said the Lieutenant Governor Christian Hawkesby while delivering a speech this Thursday.
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The economy performed stronger than expected in August this year.
The economy still requires a substantial amount of stimulus, although less than what was needed in August.
The market reaction on Wednesday was that economists changed the call for negative rates, not the monetary policy statement.
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Credits: Forex Street
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