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30 Aug 2016
RBNZ's McDermott: Don't think we are getting to zero rate
More headlines from RBNZ's Assistant Governor John McDermott are crossing the wires last minutes, saying that he doesn't think rates will go to zero.
Headlines (via Bloomberg):
- Inflation will naturally rise to the 1 to 3 percent zone
- Will do what is appropriate to get inflation higher
- Does not think we are going to get to zero rate
- Monetary policy still works