RBNZ Adopts Dovish Stance, Holds Rates Steady As Economic Outlook Dims
- RBNZ holds rates steady, signals higher hurdle for further hikes
- Kiwi dollar tumbles as markets pare bets on tighter policy
- RBNZ says rates "constraining activity and reducing inflation"
- Bank adopts less hawkish tone, sees economic outlook "subdued"
- Analysts say statement more dovish than expected
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