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Further comments from RBNZ Deputy Governor.....>

RBNZ: Further comments from RBNZ Deputy Governor Hawkesby hitting RTRS now:
- Hawkesby notes that the outlook for rates is more balanced after yesterday's
50bp cut, although "some probability" remains that further OCR cuts will be
- Hawkesby highlights the global environment & domestic business confidence as
the major downside risks to the OCR outlook.
- Hawkesby also stated that the Bank expected the NZD to fall on the back of
yesterday's decision.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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