RESEND: RBNZ expected to stand pat and issue cautious statement in first review under new govt

Fri, 03 Nov 2017

(Fixes headline) By Rebecca Howard Nov. 3 (BusinessDesk) - Reserve Bank acting governor Grant Spencer is expected to keep rates on hold next Thursday in his first full monetary policy statement, and while the forecasts might be rejigged to note rising inflationary pressure and a weaker currency, economists expect an extremely cautious tone. All 16 economists polled by Bloomberg expect the central bank to keep the official cash rate at 1.75 percent. Beyond that, only one of 12 expects a 25 basis point lift in February versus the median...

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