Reserve Bank: the gap in Wheeler’s messages
A bid to 'censor' the forecast period produced a very flat interest rate outlook.
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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