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Decision not to initiate inquiry
1 July 2009
Media release – Finance and Expenditure Committee
Decision not to initiate inquiry
Today the
Finance and Expenditure Committee, by majority, voted
against initiating an inquiry into the relationship between
the official cash rate and short term interest rates.
The committee also decided, by majority, not to initiate an inquiry into recent banking practices, including a particular focus on retail interest rate margins.
The committee received a briefing from the Reserve Bank of New Zealand at its meeting today.
ENDS
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