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Shadow Board Members Recommend Another 50bp Increase In October (NZIER)

RBNZ

NZIER note that "the broad view amongst the Shadow Board is that the Reserve Bank of New Zealand should raise the official cash rate (OCR) by another 50 basis points to 3.50 percent at the upcoming October meeting. Only one member does not recommend such a large increase due to concerns about business and consumer confidence and the increasing cost of finance."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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