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Bloomberg

RBNZ Says Aging Population May Weigh on Neutral Official Cash Rate Over Time

New Zealand's aging population is likely to put downward pressure on the neutral level of the Official Cash Rate over time, according to Reserve Bank research. 'We expect an aging population to put downward pressure on the neutral interest rate, but other factors may offset its impact,' the RBNZ said in a report published Tuesday in Wellington. Any impacts are likely to be gradual over decades, it said.