The Reserve Bank of New Zealand will conclude its policy meeting at 02:00 GMT Wednesday. Domestic economic data have held up better than expected, but storm clouds are gathering and the RBNZ may take proactive action. Policymakers could expand their QE programme, and lay out the conditions for using more unorthodox tools. At a minimum, the RBNZ will maintain a very dovish tone, and if it doesn’t shoot down the kiwi through more action, it may still do so through [..]
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