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New Zealand central bank keeps rates unchanged at 1.0%

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Published Wed, Feb 12, 2020 · 01:30 AM

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    [WELLINGTON] The Reserve Bank of New Zealand (RBNZ) held the official cash rate at 1.0 per cent at its first policy meeting for the year on Wednesday.

    A Reuters poll of economists had expected RBNZ to hold rates as domestic risks receded.

    The New Zealand dollar jumped by 0.8 per cent to US$0.6455 after the announcement.

    REUTERS

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