Interest rate cuts possible
The Reserve Bank has scope to hold or even cut interest rates if the rising Kiwi dollar shows signs of hitting the economy more severely than expected, the Treasury says.
Monday, January 19th 2004, 6:25PM
by The Landlord
"Although this is still largely a timing issue, rather than a downward revision to the extent of tightening expected to take place eventually," the note, dated January 9, said.
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