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New Zealand - Markets slowly getting the “no rate hike” message

The Reserve Bank of New Zealand will probably strike a dovish tone after leaving interest rates on hold at 1.75% at the policy meeting on Thursday 10th August, partly due to the softer economic news and partly because it doesn’t want to give the rising dollar any more fuel. That will help the financial markets get the message that interest rates are unlikely to rise until 2019.

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