- OCR unchanged at 3.00%
- Rate rises over next two years will be less than forecast in September
- Will keep rates low until economy becomes more robust
- Low rates have less stimulatory impact that in past
- Near-term outlook has softened but to strengthened over coming years
- Housing market very weak; expects prices to decline further
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RBNZ leaves rates unchaged; rates to rise less over next two years
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