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Story summary
- The Reserve Bank of New Zealand (RBNZ) faces pressure to clarify its interest rate stance ahead of the February 18 review.
- Economists from Kiwibank and Westpac criticize the RBNZ for miscommunication about future rate cuts after the Official Cash Rate (OCR) was cut.
- They say rising wholesale rates contradict the bank's signals.
- RBNZ Governor Anna Breman emphasizes transparency, stating that policy will adapt to data to rebuild public trust.
