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RBNZ will leave interest rates unchanged on Wednesday, economists agree
The Reserve Bank is expected to leave the official cash rate unchanged when it reviews its monetary policy on Wednesday, despite lingering concerns inflation may have a sting in its tail. Deputy governor Christian Hawkesby said in May that there would be a “high bar” for the central bank resuming rate rises, and ANZ chief economist Sharon Zollner said anything other than it leaving rates on hold would be a “massive surprise”. “No-one is seeing any real possibility of anything other than a no-change decision,” Zollner said. This would be the first time the bank’s monetary policy committee has elected to ... (full story)