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Chamber Welcomes RBNZ Decision

Published: Thu 26 Oct 2006 03:41 PM
Chamber Welcomes RBNZ Decision
The Wellington Regional Chamber of Commerce agrees fully with the assessment released today by the Reserve Bank and its decision to leave the Official Cash Rate unchanged.
“The news on the inflation front in recent weeks has been encouraging, and it is clear from our membership that inflationary expectations are easing”, Chamber Chief Executive Charles Finny said today.
“We hope the decision allows a more realistic assessment of the value of the New Zealand dollar. As our current account situation is showing, the dollar is overvalued against several currencies.
“We hope that today’s decision will encourage a move towards a more realistic value for the dollar”, Mr Finny concluded.
ENDS

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