Lates News

Reserve Bank of New Zealand Governor Bollard: Reaffirming the future direction of the official cash rate announced in the November monetary policy statement shows that the possibility of another rate cut in the short term is low. If economic conditions develop as expected, the official cash rate may be maintained at the current level of 2.25% for a period of time. Since the decision made in November, financial market conditions have tightened beyond the extent implied by our core forecast for the official cash rate.