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Last Chance Saloon

NAB Morning Call

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The Rbnz's 25 Basis Points Hike Is a Bit of a Surprise for Markets

The expectations are for fairly modest growth in real retail spending there. The rbnz much more interesting and you know widely expected to go 25 basis points 18 of 21 respondents in the bloomberg survey look for that our colleagues at at bnz are looking for 25 basis points as well markets are certainly allowing a fairly large risk that the rbnz goes with 50 basis points, he says.

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