RBNZ Stood On The Sideline, Reinstate Possibility Of Rate Hike In 2014

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As expected, the RBNZ left the OCR unchanged at 2.5% and the economic outlook was largely unchanged from the previous meeting. Policymakers noted that economic activities in major advanced economies were 'patchy' and the world prices for New Zealand's export commodities remained 'very high'. Similar to September, the central bank



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