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VIEW: NZIER's Shadow Board members "on.........>

RBNZ
- Bonds & Currency News | Market News" >
RBNZ: VIEW: NZIER's Shadow Board members "on average, still called for the OCR
to be kept on hold, but there was an increased skew towards a higher OCR."
NZIER's Principal Economist Christina Leung commented: "Recent data has been
mixed in the wake of the Reserve Bank's surprise 50 basis point cut to the OCR
in August. There are signs of renewed housing market activity, but the labour
market appears to be slowing as businesses become more cautious about hiring.
The global growth outlook also remains murky. Shadow Board members highlighted
the recent pick-up in house prices, and the financial stability risks that stem
from interest rates being too low. This was seen by some Shadow Board members as
justification for a higher OCR."
- Remember that NZIER Shadow Board members indicate "where they think interest
rates should be, not what they believe will happen."
- See the full publication at http://tiny.cc/NZIERSBNov
- Bonds & Currency News | Market News" >

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