Reserve Bank: Learn to live with lower inflation
The November Monetary Policy Statement, will almost definitely see the OCR drop from 2.0% to 1.75% – a record low.
The Reserve Bank will be pleased with one immediate response to a speech yesterday by its chief economist: The New Zealand dollar fell.
The message from Reserve Bank chief economist and assistant governor John McDermott is that growing sentiment against any further cuts to the official cash rate
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Reserve Bank: Learn to live with lower inflation
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