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Reuters
Reuters
Business

New Zealand central bank seen holding rates at next policy meeting - Reuters poll

Pedestrians walk past as a security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. Picture taken July 3, 2017. REUTERS/David Gray

WELLINGTON (Reuters) - The Reserve Bank of New Zealand (RBNZ) is widely expected to keep its cash rate at a record low 1.75 percent at its policy review on Thursday, a Reuters poll of economists found.

All 15 economists forecast the RBNZ would hold rates on March 22 and all but two expected the bank to keep rates on hold until the end of 2018.

Six out of 14 economists thought the bank would hike rates by the end of the second quarter of 2019.

Economists were asked what the cash rate would be after the next Reserve Bank meeting on March 22 and where rates would be at the end of the following five quarters.

(Reporting by Charlotte Greenfield; Editing by Sam Holmes)

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