Forex News RBNZ official cash rate looks to be safely on track for 7.0% by March 2009, from 8.0% now, with few obstacles for that to be reached, says one economist at U.S. investment bank, asking not to be named. But even then, the rate will be above neutral, loosely defined as somewhere between 5.00% and 6.00%. With ongoing upheavals in NZ finance sector, there's likely downside risk to medium-term forecast for cash rate, economist says.
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