NZIER shadow board backs RBNZ hold this week (May 27) at 2.25% but rate rises seen ahead
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Most NZIER shadow board members back holding New Zealand's OCR at 2.25% in May (statement due at pm New Zealand time on May 27), citing weak growth and Iran war uncertainty, though all agree rates must rise over the coming year. Summary: Source: NZIER Monetary Policy Shadow Board
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