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RBNZ May Push Back Against Easing Bets as it Holds Rates Steady
New Zealand’s central bank is set to leave interest rates unchanged for a fourth straight meeting but may push back against expectations that it will start to loosen monetary policy next year. The Reserve Bank will hold the Official Cash Rate at 5.5% Wednesday in Wellington, according to all 21 economists surveyed by Bloomberg. Fresh forecasts published by the bank could reinforce that policymakers intend to keep rates at the current level for a prolonged period, countering market bets that an easing may be only months away. “The RBNZ faces a communications challenge, given the market is itching to price cuts ... (full story)