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Silk: Neutral OCR Is Higher

RBNZ

BNZ's Silk notes that the neutral cash rate has risen, meaning that monetary conditions are not as contractionary as they otherwise would be. She then moves to familiar tones re: Bank capital matters, as well as wholesale & retail interest rates.

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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