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MNI BRIEF: No Rate Cuts at RBNZ, QE Unchanged

MNI (Sydney)

The Reserve Bank of New Zealand kept its Official Cash Rate unchanged at the record low 0.25% and agreed to continue its NZD100 billion bond buying program at today's meeting of the Monetary Policy Committee.

The RBNZ said that while the economic outlook continued to improve, "current stimulatory monetary policy settings" needed to continue until key targets were met around full employment and with inflation - currently running at 1.5% - sustainably near 2%.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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