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Economic Note: Retail sales hold steady in December quarter

Spending growth was slower than the market consensus, but in line with ASB's outlook.

Inflation pressures in retail spending remain subdued.

We continue to expect the RBNZ to hold the OCR steady at 1.75% until late 2018.

Contact us

Nick Tuffley

ASB Chief Economist

Jane Turner

Senior Economist

Daniel Snowden

Economist

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