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Hamish Pepper: Forecasts rise for OCR after GDP shrinks - Smart Money

Smart Money

The economy had a worse than expected drop in the June quarter, shrinking 0.9%. 

Finance Minister Nicola Willis has blamed it on global turmoil, but the Reserve Bank of New Zealand says there's a need to provide more stimulus to the economy by cutting the OCR. 

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Hamish Pepper: Forecasts rise for OCR after GDP shrinks - Smart Money