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NZD/USD trading lower as RBNZ cut OCR 25 bps to 3.25%

Thursday, June 11, 2015 3:56 AM UTC

Weaker prospects for dairy price, lift in petrol price slows income/demand growth
Risks delaying return of inflation to 2% midpoint compelling RBNZ to act
Significantly lower e/r needed to redress imbalance in net external position

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NZD/USD trading lower as RBNZ cut OCR 25 bps to 3.25%

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