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BusinessDesk Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.5 percent in his debut review, and is keeping close tabs on the level of inflation after it dropped below the bank’s target band in the September quarter. Wheeler reintroduced the caveat that the record-low setting for the benchmark rate remains appropriate “for now” and brought inflation back …
Read More »NZ Reserve Bank Governor keeps OCR at 2.5 percent ‘for now’ in debut review, watching inflation
