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Division over whether RBNZ should hold or cut OCR: Shadow board

Mon, 12 Aug 2024

Division has emerged about whether the Reserve Bank should cut the official cash rate on Wednesday afternoon.
More than half of the NZ Institute of Economic Research’s shadow board members suggested a 25-basis point cut was needed now, because of the slowdown in the economy and labour market.
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Division over whether RBNZ should hold or cut OCR: Shadow board
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