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RBNZ Governor Breman says in post-meeting press conference that all members agreed on the path for rates and the difference was on timing
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Says: Longer-term inflation expectations remain anchored. Inflation outlook is uncertain and many possible paths for rates from here. Outlines three scenarios for how monetary policy response could differ depending on oil prices, price behaviour and demand in the economy. OCR increases are likely at coming meetings, depends on data. Even if a Gulf conflict stops now, we still see inflation effects ahead. Cannot completely rule out anything on rates. Current OCR is still a little bit on the accommodative side.
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