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Apr 24, 2013
Forex Flash: RBNZ defies norm, portends mixed signals – UBS
The Reserve Bank of New Zealand kept interest rates unchanged at 2.50%. However, it bucked the global trend by signaling the risks were on the upside now by dropping the phrase 'there are both upside and downside risks' from its statement. The RBNZ still expects interest rates to remain unchanged throughout 2013 as inflation is set
'to remain close to the bottom of the target range this year'.
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'to remain close to the bottom of the target range this year'.