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VIEW: Goldman Sachs expects the Reserve Bank...>

RBNZ
RBNZ: VIEW: Goldman Sachs expects the Reserve Bank of New Zealand to increase
the OCR to 2.00% in February 2019. Goldman "view the rise in New Zealand
inflation as consistent with New Zealand's late-cycle growth story - featuring a
positive output gap, full employment, rising wages, and the weaker NZ dollar.
While there is little case for a near-term rate hike, we believe the market is
underestimating the probability of a rate hike in [the first half of 2019.]"
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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