RBNZ Moves Away From Tightening Bias, No Rate Hikes in 1H 2012?


The Reserve Bank of New Zealand kept interest rates at 2.5% and said that inflation had moved back into its target band. It also highlighted the concerns about the global economy especially situation in Europe. Coming into the release there had been some expectation that the central bank may still hint at possible interest-rate increases, undoing the 50 basis point cut that the RBA see undertook earlier that that this year. The more hawkish bias the RBA see held in the middle of this year has

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