UPDATE: Orr 'very pleased' with NZ economy; economists see rates outlook unchanged

Sun, 25 Mar 2018

(Updates to include comments from economists, detail throughout) By Rebecca Howard March 26 (BusinessDesk) - Changes to the Reserve Bank's policy targets agreement, a shift to decision-making by committee and a new governor in Adrian Orr are unlikely to herald a change in the interest rate outlook, economists say. The central bank will now include employment in its policy targets, ending a sole focus on price stability, and the bank will move to policy by committee instead of leaving interest rate decisions to the governor in changes...

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