NZ central bank tipped to keep rates on hold, maintain neutral bias: poll

Mon, 20 Mar 2017

By Rebecca Howard March 20 (BusinessDesk) - The Reserve Bank of New Zealand is widely expected to keep interest rates on hold at a record low 1.75 percent on Thursday and to reiterate the risks are finely balanced. All 11 economists polled by BusinessDesk expect rates to remain on hold with the median showing no chance of a rate hike or cut. The odds of governor Graeme Wheeler lifting the rate this week is also zero, according to the overnight interest swap curve. In February, the central bank kept interest rates on hold and signalled...

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