The St George’s Day Today 23 April 2015

* RBNZ McDermott: “At present, the Bank is not considering any increase in interest rates… Before considering any tightening in monetary policy we would need to be confident that increased capacity utilisation and labour market tightness was generating, or about to generate, a substantial increase in inflation,"… “Evidence of weakening demand and domestic inflationary pressures would prompt us to consider lowering interest rates. There are some areas of uncertainty surrounding the outlook for capacity pressures . . .

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