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Full text of the RBNZ statement Dec 10, 2015

Discussion in 'Fundamental Analysis' started by ForexLive, Dec 9, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.5 percent. Globally, economic growth is below average and inflation is low, despite highly stimulatory monetary conditions. Financial markets remain concerned about weaker growth in emerging economies, particularly in China. Markets are also focused on the expected tightening of policy in the United States and the prospect of an increasing divergence between monetary policies in the major economies.

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