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OPINION
The mantra of most economists this year has been that “you can’t cut interest rates because of the Canterbury rebuild”.
In a sense, 2.5% has become New Zealand’s zero boundary – a level of interest rates that cannot be breached, in a way that the US and UK have decided not cut below their
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Christian Hawkesby
Fri, 07 Dec 2012
Fri, 07 Dec 2012
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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