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Can Willis beat the bank?
Summary by politik.co.nz
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Can Willis beat the bank?
The success – or otherwise — of today’s Budget will depend as much as anything else on the views of one man, Reserve Bank Governor Adrian Orr. If the Bank concludes that the deficit track is either unconvincing or too lax, then despite the “back pocket boost” tax cuts, the “squeezed middle” will stay squeezed because the Bank will have no reason to bring down the Official Cash Rate in the immediate future. That is the political challenge Finance…
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