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10 Mar 2020
New Zealand Finance Minister: RBNZ has room to move on rates
New Zealand Finance Minister has crossed the wires and said that the Reserve Bank of New Zealand has room to move on rates.
- Banks should pass on any RBNZ rate cuts.
- Economy may not grow much in first half.
- Unconventional monpol unlikely in near term.
- Broadly ok with current level of the Kiwi dollar.
More to come...