NZ Reserve Bank 'not considering' increase in interest rates, policy to remain stimulatory

Thu, 23 Apr 2015

By Jonathan Underhill April 23 (BusinessDesk) - The Reserve Bank of New Zealand isn't considering an increase in interest rates at present and is watching for any signs of weakening demand and domestic inflationary pressures that could warrant a rate cut, says assistant governor John McDermott. The kiwi dollar shed almost half a US cent. "Before considering any tightening in monetary policy we would need to be confident that increased capacity utilisation and labour market tightness was generating, or about to generate, a substantial inc...

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