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RBNZ: VIEW: KiwiBank note "no surprises in RBNZ's latest OCR review. The cash
rate was left unchanged. Today's meeting was a placeholder, the action will take
place in August. The RBNZ has set up the market for an increase in LSAPs, and a
game plan around additional tools, in the August MPS. The reaction in financial
markets was limited, but positive. Wholesale interest rates were little changed,
and the Kiwi dollar came off a touch. Job done."