<ul><li>There are two substantial base effects that will bring inflation down this year</li><li>The economy has been much more resilient, that is good news</li><li>
<p>As widely anticipated, RBNZ left the OCR unchanged at 0.25%. The size of QE also stays unchanged at NZD60B. Policymakers acknowledged that the spread ofcoronavirus is under control in the cou
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