RBNZ to hold but easing bias to remain with high TWI
RBNZ find themselves in a renewed tricky spot; Whilst fundamentals have improved they still have an irritatingly high currency at a time when select trade partners appear on the brink of further depreciation. Electronic card retail sales expanded 1.1% in April compared with -0.3% prior, whilst expanded a respectable 4.5% YoY versus 5.6% prior.…
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