Reserve Bank: the gap in Wheeler’s messages
A bid to 'censor' the forecast period produced a very flat interest rate outlook.
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If you’re confused by the Reserve Bank’s statement this morning, you are not the only one.
The New Zealand exchange rate jumped following the announcement, despite there being a no change to the official cash rate (OCR) and a lower, flatter interest rate outlook.
There are a lot of gaps in what
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Rob Hosking
Fri, 13 Mar 2015
Fri, 13 Mar 2015
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Reserve Bank: the gap in Wheeler’s messages
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