RBNZ; Interest Rate stays at 1.75%

The Reserve Bank of New Zeland today left the Official Cash Rate (OCR) unchanged at 1.75 percent, NZD tumbles . Global economic growth has increased and become more broad-based over recentmonths. However, major challenges remain with on-going surplus capacity and extensive political uncertainty. Stronger global demand has helped to raise commodity prices over the past …

RBNZ holds rates at 1.75%

The Reserve Bank of New Zealand left the Official Cash Rate (OCR) unchanged at 1.75 %. Statement by Reserve Bank Governor Wheeler: Macroeconomic indicators in advanced economies have been positive over the past two months. ¬†However, major challenges remain with on-going surplus capacity in the global economy and extensive geo-political uncertainty. Global headline inflation has …