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Doves let out in September

	Shares and bonds rallied in September, and the USD weakened.

	Double-dip fears raised expectations of further quantitative easing, but didn’t dent the share rally.

	RBNZ held the OCR at 3%, and slashed growth forecasts.

Read the full PDF report.

Other sites of interest: www.asbsecurities.co.nz www.asb.co.nz www.commbank.com.au



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Report prepared by:
Chris Tennent-Brown
CBA NZ Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992


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