RBNZ likely to wait for inflation data before deciding on another rate cut

Fri, 16 Sep 2016

By Paul McBeth Sept. 16 (BusinessDesk) - The Reserve Bank is expected to hold fire from cutting interest rates next week until it can get a better steer on the inflation outlook, leaving November open for a reduction. Governor Graeme Wheeler will keep the official cash rate at 2 percent when he reviews monetary policy on Sept. 22, according to a Reuters poll of economists. Traders are pricing in a 24 percent chance of a cut next week. Wheeler has indicated he has at least another rate cut up his sleeve when lowering the OCR in August...

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