Reserve Bank decision: More good news creates poser for Wheeler
There is a simplistic and sloganeering argument which suggests a rate cut will bring the exchange rate down. It is quite wrong.
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Graeme Wheeler will probably sit tight on Thursday.
The Reserve Bank governor is to review the official cash rate again on Thursday morning and prospects of a second consecutive cut are fading as the economy picks up further pace.
The review takes place at a historic time: New Zealand is
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Reserve Bank decision: More good news creates poser for Wheeler
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