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AAP
AAP
Ben McKay

Reserve Bank expected to hold New Zealand rates

All signs point to a hold on the official cash rate at 5.5 per cent when the Reserve Bank of New Zealand meets for the second time this year.

The nine members of the New Zealand Institute of Economic Research's shadow board are all tipping no change to the rate as are economists at Kiwi banks.

"We don't see net grounds for the RBNZ to change its thinking materially from February," ANZ chief economist Sharon Zollner said.

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