Shadow Board favours no change as weak outlook persists - NZIER Shadow Board, July 2012

23 July 2012

The NZIER Shadow Board prefers holding the Official Cash Rate at 2.50 percent on July 26. Low inflation, flat business conditions and deteriorating commodity prices show a weak recovery.  That means inflation is not likely to be above the top of the band in the near term. You can read the full release here.

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