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New Zealand’s Treasury: H2 growth may be slightly under forecast (NZD keeps the red)

New Zealand’s Treasury is out with its latest economic assessment report, with the key headlines found below.

H2 growth may be slightly under forecast.

Business pessimism on the 'government's tax policy.

Sees private consumption growth close to forecast.

AUD/NZD unfazed at 1.0550 as trade negatives take over China’s upbeat Caixin services PMI

Despite China’s Caixin services PMI beating market consensus, the AUD/NZD pair trades near 1.0550 during early Monday.
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PBOC to lower reserve requirements for small and medium banks from next week

Last hour, the People’s Bank of China (PBOC) issued a statement, announcing that it will lower the Reserve Requirement Ratio for small and medium bank
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