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RPT-RBNZ holds rates at record lows, to keep them steady for a while

Published 22/06/2017, 07:13 am
© Reuters. RPT-RBNZ holds rates at record lows, to keep them steady for a while

WELLINGTON, June 22 (Reuters) - New Zealand's central bank kept its benchmark interest rate at record lows of 1.75 percent on Thursday, and reiterated that it would keep them unchanged for a considerable period.

"Numerous uncertainties remain and policy may need to adjust accordingly," Reserve Bank of New Zealand Governor Graeme Wheeler said in a statement accompanying the rate decision.

Wheeler said a lower New Zealand dollar, which has risen by around 3 percent since May, would help rebalance the growth outlook.

None of the 26 economists forecast expected the RBNZ to move this week, though four thought a hike was possible as early as the first quarter of 2018. the text of the statement click on

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