RBNZ may dial back forecasts to show rates on hold for longer, could even signal a cut

Fri, 04 Aug 2017

By Rebecca Howard Aug. 4 (BusinessDesk) - Not only do economists expect the central bank to keep rates on hold next Thursday but some say it will delay any forecast hikes and could even signal a possible rate cut. All 11 economists polled by Bloomberg expect the central bank to keep rates at a record low 1.75 percent at next week's review. In its May monetary policy statement, the central bank's forecasts indicated that rates would remain on hold until September 2019. Since then inflation and growth have been lower than the RBNZ expecte...

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