UPDATE: RBNZ keeps rates at 1.75% but may be signaling lower growth forecasts

Wed, 27 Sep 2017

(Recasts, adding comment from economists, updates dollar, adds in swap rates) By Rebecca Howard Sept. 28 (BusinessDesk) - Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent as widely expected and signaled no change on the immediate horizon but may have dropped a hint that the bank has lowered its growth forecasts as he begins his six-month stint at the helm. "Monetary policy will remain accommodative for a considerable period," Spencer said in a statement. "Numerous uncertainties remain an...

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