MNI: RBNZ Hike Likely Despite Weak Economy - Economists

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Oct-19 02:15By: Daniel O'Leary
RBNZNew Zealand

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The Reserve Bank of New Zealand is likely to hike the Official Cash Rate a further 25 basis points to 3% when it meets on Oct 28, but a persistently weak economy and higher diesel prices could limit further increases, external economists told MNI. "...