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RBNZ Releases Monitary Policy Statement

Today the RBNZ has released its quarterly MPS.
Key summary information is as follows:

  • OCR to remain at 2.5% for 2013;
  • Expectations of increased construction activity to ease housing supply shortages;
  • LVR restrictions begining next month are expected to ease surging house prices;

For RBNZ position see: September MPS



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