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"The balance of economic risks remains to......>

RBNZ
RBNZ: "The balance of economic risks remains to the downside. The expansion to
the LSAP programme aims to continue to reduce the cost of borrowing quickly and
sharply. This is preferable to delivering a smaller amount of stimulus now, only
to risk later realising more should have been done. We expect to see retail
interest rates decline further as lower wholesale borrowing costs are passed
through to retail customers. It remains in the best long-term interests of the
banking sector to promptly maximise the effectiveness of our LSAP programme."
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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