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RBNZ Monetary Policy Statement
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. The global outlook remains mixed with disappointing data in Europe and some other countries, and more positive indicators in the United States and Japan. Global financial sentiment continues to be buoyant and the medium term outlook for New Zealand’s main trading partners remains firm. Growth in the New Zealand economy is picking up but remains uneven across sectors. Consumption is increasing and reconstruction in Canterbury continues to gather pace and will be reinforced by a broader national recovery in construction activity, ... (full story)
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