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Chief economist update: Unchanged RBNZ stance would force it to change stance

The appreciating NZ currency would, by extension, compound the "risk of a sharper downturn in trading-partner growth," putting downward pressure on the domestic economy and shift the central bank into a dovish stance.

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Read more: RBNZUSOCRAdrian OrrANZFedGDPGovernorReserve Bank of New ZealandReuters