RBNZ likely on hold, all eyes will be on its interest rate forecasts

Fri, 03 Feb 2017

By Rebecca Howard Feb. 3 (BusinessDesk) - The Reserve Bank's view on where interest rates might go down the track will be the focus of attention at next Thursday's rate review, given it's widely expected to keep rates on hold at a record low 1.75 percent. All 10 economist polled by BusinessDesk expect rates to remain on hold Thursday. The odds of governor Graeme Wheeler lifting the rate next week is zero, according to the overnight interest swap curve. There is some speculation the central bank may rejig its forecasts given the stren...

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