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6 Aug 2014
RBNZ on course to neutral rate levels - BNZ
FXStreet (Bali) - Stephen Toplis, Economist at BNZ, notes that the RBNZ remains well on course to raise rates towards a more neutral level.
Key Quotes
"With the labour market tight, and tightening, and with real wage growth sufficient to bolster private consumption it would seem to us unlikely that the Reserve Bank would back away from its intent to raise rates towards neutral if not later in the year then certainly through calendar 2015."
Key Quotes
"With the labour market tight, and tightening, and with real wage growth sufficient to bolster private consumption it would seem to us unlikely that the Reserve Bank would back away from its intent to raise rates towards neutral if not later in the year then certainly through calendar 2015."