The Reserve Bank of New Zealand (RBNZ) left the official cash rate (OCR) unchanged at 3.5%. The growth outlook for trading partners this year is expected to be the same as 2014.
The lower cost of petrol has increased the purchasing power of households and reduced the cost of doing business.
Annual growth in New Zealand is above 3%. The line that indicates that the intrinsic value of the New Zealand Dollar is too strong and that further depreciation is expected is used again in the report.
This report can be found here.
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