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RBNZ

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RBNZReserve Bank of New Zealand


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The RBNZ is very widely expected to leave interest rates near lows of 2.
Although the RBNZ is concerned about inflation - especially about predictions that it will rise above 3 percent soon - the Bank may have been influenced by a July 13, 2005 government report that showed retail sales were slowing and the Bank may not have wanted to tighten credit any further to jeopardize growth.
This elevates the influence of this currency amongst its peers and makes the RBNZ policy decision a meaningful event for the broader FX market.
 
 
 
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