Dovish Reserve Bank statement surprises markets
Adrian Orr indicates the OCR could stay put for well into 2020.
Jenny Ruth
Thu, 09 Aug 2018
The Reserve Bank’s more dovish than expected monetary policy statement and forecasts took financial markets by surprise.
The New Zealand dollar was already falling against the US dollar ahead of the statement and it dropped another half-cent immediately afterward while wholesale interest rates
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Jenny Ruth
Thu, 09 Aug 2018
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