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RBNZ Hints at Near Term Rate Hikes; Oil Heads Lower on Deman

posted by Avatar spreadbetman 297 days ago in Sentiment, Oil, Consumer made popular 297 days ago

The Reserve Bank of New Zealand held its policy meeting yesterday and elected to keep its cash rate unchanged at 2.5% (in line with expectations) but the accompanying statement hinted at the possibility that a rate hike could be seen in the near future. This was the main market moving event during an otherwise quiet Asian session.
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