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- Deputy Governor of the Reserve Bank of New Zealand, McDermott: the quarterly inflation rate in September was low
Deputy Governor of the Reserve Bank of New Zealand, McDermott: the quarterly inflation rate in September was low
During his speech today Deputy Governor of the Reserve Bank of New Zealand, noted that quarterly inflation rate in September was likely low, to the lower boundary of the minimum target range. In addition, McDermott has suggested that further easing of the monetary policy is posible in the future, until inflation stabilized in the middle of the target range.
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