RBNZ: Wheeler inches toward interest rate cut
The Reserve Bank governor has abandoned his previous policy of a stable OCR.
The Reserve Bank has made its strongest signal yet that a cut to the official cash rate is likely.
Abandoning both his previous line that “a period of stability” for the official cash rate (OCR) is needed, and that the next move could be up or down, governor Graeme Wheeler indicated a cut could be
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Rob Hosking
Thu, 30 Apr 2015
Thu, 30 Apr 2015
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RBNZ: Wheeler inches toward interest rate cut
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