Adrian Orr repeats the magic words: 'up or down'
Reserve Bank notes global trade tensions, rising petrol prices and slower domestic growth.
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Reserve Bank governor Adrian Orr has left the official cash rate unchanged and repeated his previous statement that the next move could be either up or down.
Mr Orr left the OCR at 1.75%, its record low.
“We are well-positioned to manage change in either direction – up or down – as
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Jenny Ruth
Thu, 28 Jun 2018
Thu, 28 Jun 2018
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Adrian Orr repeats the magic words: 'up or down'
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